Get an SBA Loan for Textile Product Mills

With these bank loans for textile product mills, the SBA guarantees the lender that the loan will be repaid. This textile product mills loan for $450,000 was given to a Colorado entrepreneur in 2005.

This company knew how to go about getting a business bank loan. Based in Littleton, Colorado, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Firstbank Of Littleton, based in Highlands Ranch, Colorado.

SBA Loan Borrower

COMPANY TYPE: TEXTILE PRODUCT MILLS
LITTLETON, CO 80122

SBA Loan Lender

FIRSTBANK OF LITTLETON
9409 S UNIVERSITY BLVD
HIGHLANDS RANCH, CO 80126

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This small business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

314999 - Textile Product Mills

Loan Approval Date

6/10/2005

Loan Approval Gross Amount

$450,000

Loan Approval from the SBA

Of the total $450,000 loan amount, the SBA guaranteed $337,500.

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 10 employees. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your 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.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Raising Venture Capital

SBA Participating Banks in Highlands Ranch, Colorado

Colorado SBA 7A Lenders