Borrowing Money for Drinking Places

Looking for bank loans for drinking places? An SBA loan may be just what you've been looking for. This $105,000 drinking places loan was issued by a Colorado bank.

Getting a small business loan in La Junta, Colorado was important for this company back in 2001 and, based on their loan application, they were successful in getting an SBA loan from The State Bank, operating out of La Junta, Colorado. Here are the details on this Colorado small business loan.

SBA Loan Borrower

COMPANY TYPE: DRINKING PLACES
LA JUNTA, CO 81050

SBA Loan Lender

THE STATE BANK
124 COLORADO AVE
LA JUNTA, CO 81050

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722410 - Drinking Places

Loan Approval Date

10/15/2001

Loan Approval Gross Amount

$105,000

Loan Approval from the SBA

Of the total $105,000 loan amount, the SBA guaranteed $89,250.

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 2 employees. The SBA loan documents did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a business in La Junta CO, you ought to talk with a local La Junta SBA lender or talk with an out-of-area SBA lender that has previously loaned money to La Junta businesses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into The State Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Advice on Getting a Small Business Loan

Where to Get an SBA Loan in La Junta, Colorado

SBA Colorado Lenders