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November 14, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Grand Junction, Business Loans > American National Bank Grand Junction Business Loans > Physicians Loan | ||||
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American National Bank
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SBA Loan from American National Bank Helps Physicians CompanyAn SBA loan from American National Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Grand Junction, Colorado business owner got a $200,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Grand Junction, Colorado was able to borrow $200,000 from American National Bank. The SBA made the loan possible by guaranteeing $150,000 of this Colorado small business loan. SBA Loan Borrower COMPANY TYPE: PHYSICIANS SBA Loan Lender AMERICAN NATIONAL BANK This lender issued this SBA loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 621111 - Physicians Loan Approval Date 2/27/2002 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $150,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the company planned to use the funding to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Banks in Grand Junction, Colorado Getting an SBA Loan in Colorado
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