SBA Loan from Advantage Bank Helps Resilient Floor Covering Manufacturing Company

An SBA loan from Advantage Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Loveland, Colorado business owner got a $100,000 loan.

Getting a small business loan in Loveland, Colorado was an essential business goal for this company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Advantage Bank, operating out of Loveland, Colorado. Here are the details on this Colorado small business loan.

SBA Loan Borrower

COMPANY TYPE: RESILIENT FLOOR COVERING MANUFACTURING
LOVELAND, CO 80537

SBA Loan Lender

ADVANTAGE BANK
1475 N DENVER AVE
LOVELAND, CO 80538

This lender issued this particular bank 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.

NAICS Code

326192 - Resilient Floor Covering Manufacturing

Loan Approval Date

10/27/2004

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

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 only one employee. This SBA loan request did not indicate that the business planned to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

We've showcased information on this loan to let you know that businesses like yours 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:

Getting a Small Business Loan

Good Banks for Small Business in Loveland, Colorado

Getting an SBA Loan in Colorado