Colorado Business Loan Issued to Insurance Agencies And Brokerages Company

Searching for a Colorado SBA loan? This Colorado entrepreneur got an SBA loan, provided by a Colorado bank that works with the SBA to help small business owners.

Getting a small business loan in Grand Junction, Colorado was a top priority for this particular business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from First National Bank - Rockies. Here are the details on this Colorado small business loan.

SBA Loan Borrower

COMPANY TYPE: INSURANCE AGENCIES AND BROKERAGES
GRAND JUNCTION, CO 81505

SBA Loan Lender

FIRST NATIONAL BANK - ROCKIES
2452 HWY 6 & 50
GRAND JUNCTION, CO 81505

This lender issued this particular bank 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

524210 - Insurance Agencies and Brokerages

Loan Approval Date

9/10/2002

Loan Approval Gross Amount

$145,000

Loan Approval from the SBA

Of the total $145,000 loan amount, the SBA guaranteed $123,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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.

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