Local Business Gets a Colorado SBA Loan

Would a Colorado business loan help your company expand? If so, you may want to talk with this Colorado bank, which offers SBA loans to Colorado entrepreneurs.

Getting a small business loan in Gypsum, Colorado was a top priority for this SBA-financed company back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Firstbank Of Avon. Here are the details on this Colorado small business loan.

SBA Loan Borrower

COMPANY TYPE: FRAMING CONTRACTORS
GYPSUM, CO 81637

SBA Loan Lender

FIRSTBANK OF AVON
0011 W BEAVER CREEK BLVD
AVON, CO 81620

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

238130 - Framing Contractors

Loan Approval Date

8/25/2005

Loan Approval Gross Amount

$35,800

Loan Approval from the SBA

Of the total $35,800 loan amount, the SBA guaranteed $30,430.

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 2 employees. This SBA loan request did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Firstbank Of Avon that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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