Loan to Buy Flowerama Franchise Issued By Guaranty Bank & Trust

Need money to invest in a Flowerama franchise? Guaranty Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Lakewood, Colorado needed money to invest in a Flowerama franchise back in 2000. Guaranty Bank & Trust issued an SBA franchise loan. Here are the details on this Colorado small business loan.

SBA Loan Borrower

FLOWERAMA OF LAKEWOOD, INC.
LAKEWOOD, CO 80232

SBA Loan Lender

GUARANTY BANK & TRUST
1331 17TH ST
DENVER, CO 80202

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5992 - Florists

NAICS Code

453110 - Florists

Loan Approval Date

8/31/2000

Loan Approval Gross Amount

$125,000

Loan Approval from the SBA

Of the total $125,000 loan amount, the SBA guaranteed $93,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Flowerama franchise. At the time of the loan, the company had 12 employees. The loan application did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need money to start a business or need money for an existing business, an SBA loan can be a great way to raise money

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Flowerama of America, Inc.

How Equity Dilution Works

SBA Participating Banks in Denver, Colorado

Colorado SBA Bank Lenders