 |
 |
November 15, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Colorado Business Loan Sources > Sioux Falls, Business Loans > Wells Fargo Bank Sioux Falls Business Loans > Flooring Contractors Loan | ||||
 |
||||
SBA 7A Banks That Lend to Colorado Business Owners
|
||||
 |
Littleton, Colorado Entrepreneur Gets a Business LoanWould a Colorado business loan help your company expand? If so, you may want to talk with this South Dakota bank, which offers SBA loans to Colorado entrepreneurs. Getting a small business loan in Littleton, Colorado was a top priority for this SBA-financed company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Wells Fargo Bank. Here are the details on this Colorado small business loan. SBA Loan Borrower COMPANY TYPE: FLOORING CONTRACTORS SBA Loan Lender WELLS FARGO BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 238330 - Flooring Contractors Loan Approval Date 12/31/2007 Loan Approval Gross Amount $45,000 Loan Approval from the SBA Of the total $45,000 loan amount, the SBA guaranteed $22,500. 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 2 employees. The SBA loan documents indicated that the loan would help retain 2 existing jobs. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. We can help you find the best banks for small businesses in Littleton or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Banking Deregulation's Effects on Entrepreneurship Banks in Sioux Falls, South Dakota
|
|
||
|
||||
|
|
||||