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December 18, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > La Junta, Business Loans > The State Bank La Junta Business Loans > Telephone Communications Loan | ||||
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Colorado Bank SBA Loans
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The State Bank SBA Loan to Telephone Communications CompanySearching for a Colorado SBA loan? Here's one Colorado business loan that was approved by the SBA. This local small business knew how to go about getting a business bank loan. Based in La Junta, Colorado, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was The State Bank, based in La Junta, Colorado. SBA Loan Borrower COMPANY TYPE: TELEPHONE COMMUNICATIONS SBA Loan Lender THE STATE BANK This was a Low Documentation SBA loan. The SBA created this program to limit the paperwork associated with getting a loan . The low-doc program is quick, requiring 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. SIC Code 4813 - Telephone Communications Loan Approval Date 6/23/2000 Loan Approval Gross Amount $45,000 Loan Approval from the SBA Of the total $45,000 loan amount, the SBA guaranteed $36,000. More Information on This SBA Loan The borrower borrowed this money for an existing 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 business promised to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: SBA 7A Lenders in La Junta, Colorado
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