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November 15, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Mclean, Business Loans > Capital One Mclean Business Loans > Business To Business Electronic Markets Loan | ||||
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Raising Money in Lafayette, Colorado With SBA Loans
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Financing for Business to Business Electronic MarketsLooking for commercial loans for business to business electronic markets? An SBA loan may be just what you've been looking for. This $100,000 business to business electronic markets loan was issued by a Virginia bank. Getting a small business loan in Lafayette, Colorado was important for this business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Capital One, operating out of Mclean, Virginia. Here are the details on this Colorado small business loan. SBA Loan Borrower COMPANY TYPE: BUSINESS TO BUSINESS ELECTRONIC MARKETS SBA Loan Lender CAPITAL ONE This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with appliying for an SBA 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. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 425110 - Business to Business Electronic Markets Loan Approval Date 3/19/2004 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $85,000. 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 5 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business If you are raising money in Lafayette CO, you ought to talk with a local Lafayette SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Lafayette 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 Capital One 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:
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