Business Loans for Logging

With these business loans for logging, the SBA guarantees the lender that the loan will be repaid. This logging loan for $772,945 was given to a Colorado entrepreneur in 2001.

Getting a small business loan in Lazear, Colorado was important for this small business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from First State Bank Of Hotchkiss, operating out of Hotchkiss, Colorado. Here are the details on this Colorado small business loan.

SBA Loan Borrower

COMPANY TYPE: LOGGING
LAZEAR, CO 81420

SBA Loan Lender

FIRST STATE BANK OF HOTCHKISS
102 E BRIDGE ST
HOTCHKISS, CO 81419

This lender issued this SBA business loan under the SBA's 7A loan, 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

113310 - Logging

Loan Approval Date

12/5/2001

Loan Approval Gross Amount

$772,945

Loan Approval from the SBA

Of the total $772,945 loan amount, the SBA guaranteed $579,709.

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 49 employees. The loan application did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide smart, affordable business financing for small businesses looking to expand.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like First State Bank Of Hotchkiss 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:

Realistic Debt Financing Options

Small Bank Loans in Hotchkiss, Colorado

Getting an SBA Loan in Colorado