Lakewood, Colorado Business Gets SBA-Guaranteed Funding from Firstbank Of South Jeffco
Firstbank Of South Jeffco and the SBA work together to get business loans for growing small businesses. Here's an example of how a Colorado entrepreneur was able to get a loan to take a small business to the next level.
This business knew how to go about getting a business bank loan. Based in Lakewood, Colorado, they applied for and received an SBA-guaranteed loan in 2001. The lending bank was Firstbank Of South Jeffco, based in Lakewood, Colorado.
SBA Loan Borrower
COMPANY TYPE: HUMAN RESOURCES CONSULTING SERVICES
LAKEWOOD, CO 80235
SBA Loan Lender
FIRSTBANK OF SOUTH JEFFCO
3500 S WADSWORTH BLVD
LAKEWOOD, CO 80235
This was a Low Documentation SBA loan. The SBA launched this program to minimize 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. 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
541612 - Human Resources Consulting Services
Loan Approval Date
5/3/2001
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 a new business. This loan was not for a franchise. At the time of the loan, the company
had 5 employees. The SBA loan documents did not indicate that the company promised to use the funding to add employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Firstbank Of South Jeffco are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.
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:
Determining Proper Capital Structure for a Business
Good Banks for Small Business in Lakewood, Colorado
Where to Get an SBA Loan Colorado