Building Material Dealers Small Business Loans

With these small business loans for building material dealers, the SBA guarantees the lender that the loan will be repaid. This building material dealers loan for $690,520 was given to a Colorado entrepreneur in 2003.

This small firm knew how to go about getting a business bank loan. Based in La Junta, Colorado, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Colorado East Bank & Trust, based in Lamar, Colorado.

SBA Loan Borrower

COMPANY TYPE: BUILDING MATERIAL DEALERS
LA JUNTA, CO 81050

SBA Loan Lender

COLORADO EAST BANK & TRUST
100 W PEARL
LAMAR, CO 81052

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

444190 - Building Material Dealers

Loan Approval Date

7/9/2003

Loan Approval Gross Amount

$690,520

Loan Approval from the SBA

Of the total $690,520 loan amount, the SBA guaranteed $517,890.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

We can help you find the best banks for small businesses in La Junta or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Obtaining Funding - Friends and Family

Who Lends Money to Small Businesses in Lamar, Colorado

Colorado SBA Banks