Colorado Entrepreneur Secures Financing to Buy Frontier Adjusters Of America Franchise

Borrowing money to invest in a Frontier Adjusters Of America franchise? Bank Of Colorado has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Grand Junction, Colorado needed money to invest in a Frontier Adjusters Of America franchise back in 2001. Bank Of Colorado issued an SBA franchise loan. Here are the details on this Colorado small business loan.

SBA Loan Borrower

FRONTIER ADJUSTERS OF GRAND JU
GRAND JUNCTION, CO 81501

SBA Loan Lender

BANK OF COLORADO
200 GRAND AVE
GRAND JUNCTION, CO 81501

This lender issued this particular SBA small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

524291 - Claims Adjusting

Loan Approval Date

4/30/2001

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Frontier Adjusters Of America franchise. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Bank Of Colorado that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

Related Links:

Frontier Adjusters Of America

Equity Financing

Best Grand Junction, Colorado Banks for Small Business

SBA Participating Banks in Colorado