Lakewood, Colorado Entrepreneur Gets a Small Business Loan

Small business loans in Colorado are hard to find these days. We take a look at one Colorado small business loan, provided by a Colorado bank, that was approved by the SBA.

You can learn something about getting a small business loan in Lakewood, Colorado by studying this loan to a local company, made back in 2004. Banks like Citywide Banks may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

COMPANY TYPE: IRON AND STEEL FORGING
LAKEWOOD, CO 80214

SBA Loan Lender

CITYWIDE BANKS
8101 E BELLEVIEW AVE
DENVER, CO 80237

This lender issued this bank loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

332111 - Iron and Steel Forging

Loan Approval Date

3/3/2004

Loan Approval Gross Amount

$727,000

Loan Approval from the SBA

Of the total $727,000 loan amount, the SBA guaranteed $424,997.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 35 employees. The SBA loan application for the borrower did not indicate that the business planned to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer 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.

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