Loan Census Banking News and Information
December 18, 2024  
 
 
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Who Lends Money to Gunnison Small Businesses

 

 
Loan Census SBA Loan Info

Gunnison Bank & Trust Gives Small Business Loan to Commercial Bakeries Company

ColoradoBank loans are available to Colorado firms through the SBA. In this case, a Colorado bank provides the loan.

You can learn something about getting a small business loan in Gunnison, Colorado by studying this loan to a local company, made back in 2004. Banks like Gunnison Bank & Trust may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

COMPANY TYPE: COMMERCIAL BAKERIES
GUNNISON, CO 81230

SBA Loan Lender

GUNNISON BANK & TRUST
232 W TOMICHI AVE
GUNNISON, CO 81230

This was a Low Documentation SBA loan. The SBA created this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

311812 - Commercial Bakeries

Loan Approval Date

7/27/2004

Loan Approval Gross Amount

$74,300

Loan Approval from the SBA

Of the total $74,300 loan amount, the SBA guaranteed $63,155.

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 6 employees. The SBA loan documents did not indicate that the company planned to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $74,300 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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