Denver, Colorado Lender Lends Money to Ornamental Shrub And Tree Services Company
Thinking about meeting with a Denver, Colorado bank about an SBA loan? Here's one Colorado business loan, issued by a Denver 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 company in Longmont, Colorado. The business was able to get an SBA loan for $25,000. Sweet!
SBA Loan Borrower
COMPANY TYPE: ORNAMENTAL SHRUB AND TREE SERVICES
LONGMONT, CO 80501
SBA Loan Lender
GUARANTY BANK & TRUST
1331 17TH ST
DENVER, CO 80202
This lender issued this particular SBA business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
0783 - Ornamental Shrub and Tree Services
NAICS Code
561730 - Landscaping Services
Loan Approval Date
2/29/2000
Loan Approval Gross Amount
$25,000
Loan Approval from the SBA
Of the total $25,000 loan amount, the SBA guaranteed $20,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had only one employee. The SBA loan documents did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels 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.
While you may be able to find other ways to get money to start a business, 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:
Obtaining Funding - How to Borrow Money
Banks in Denver, Colorado
Getting a Business Loan in Colorado