Portfolio Management SBA Loans

With these SBA loans for portfolio management, the SBA guarantees the lender that the loan will be repaid. This portfolio management loan for $256,500 was given to a Colorado entrepreneur in 2003.

This business knew how to go about getting a business bank loan. Based in Grand Junction, Colorado, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Grand Valley National Bank, based in Heber City, Utah.

SBA Loan Borrower

COMPANY TYPE: PORTFOLIO MANAGEMENT
GRAND JUNCTION, CO 81505

SBA Loan Lender

GRAND VALLEY NATIONAL BANK
2 S MAIN ST
HEBER CITY, UT 84032

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

523920 - Portfolio Management

Loan Approval Date

6/5/2003

Loan Approval Gross Amount

$256,500

Loan Approval from the SBA

Of the total $256,500 loan amount, the SBA guaranteed $192,375.

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 5 employees. The SBA loan documents did not indicate that the business promised to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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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