Loan Census Banking News and Information
December 18, 2024  
 
 
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Colorado SBA Lenders

 

 
Loan Census SBA Loan Info

Entrepreneur Works With Aurora, Colorado Bank to Get an SBA Loan

Want to talk with an Aurora, Colorado bank about an SBA loan? Here's one Colorado business loan, issued by an Aurora bank, that was approved by the SBA.

Applying for an SBA loan with Guaranty Bank & Trust worked out well for our friends at one local firm in Littleton, Colorado. They received an SBA loan for $123,200. Way to go!

SBA Loan Borrower

COMPANY TYPE: SCHOOLS AND EDUCATIONAL SERVICES
LITTLETON, CO 80121

SBA Loan Lender

GUARANTY BANK & TRUST
3950 LEWISTON ST, 1 GATEWAY C
AURORA, CO 80011

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

8299 - Schools and Educational Services

Loan Approval Date

1/24/2000

Loan Approval Gross Amount

$123,200

Loan Approval from the SBA

Of the total $123,200 loan amount, the SBA guaranteed $92,400.

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 8 employees. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

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

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.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? 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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