Premier Bank SBA Loan to Floriculture Production Company

Premier Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Colorado entrepreneur who tapped into the power of SBA loans.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Greeley, Colorado was able to borrow $548,200 from Premier Bank. The SBA made the loan possible by guaranteeing $411,150 of this Colorado small business loan.

SBA Loan Borrower

COMPANY TYPE: FLORICULTURE PRODUCTION
GREELEY, CO 80634

SBA Loan Lender

PREMIER BANK
1630 STOUT ST
DENVER, CO 80202

This lender issued this commercial loan under the 7A SBA program, 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

111422 - Floriculture Production

Loan Approval Date

4/9/2001

Loan Approval Gross Amount

$548,200

Loan Approval from the SBA

Of the total $548,200 loan amount, the SBA guaranteed $411,150.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are raising money in Greeley CO, you ought to talk with a local Greeley SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Greeley 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.

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