Longmont, Colorado Bank Lends Money to Limited-Service Restaurants Company in Lyons, Colorado

Thinking about meeting with a Longmont, Colorado bank about a business loan? Here's one Colorado business loan, issued by a Longmont bank, that was approved by the SBA.

Applying for an SBA loan with Mile High Banks worked out well for our friends at one local business in Lyons, Colorado. They got an SBA loan for $969,000. Great job!

SBA Loan Borrower

COMPANY TYPE: LIMITED-SERVICE RESTAURANTS
LYONS, CO 80540

SBA Loan Lender

MILE HIGH BANKS
601 S MAIN ST
LONGMONT, CO 80501

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide bank loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722211 - Limited-Service Restaurants

Loan Approval Date

6/8/2004

Loan Approval Gross Amount

$969,000

Loan Approval from the SBA

Of the total $969,000 loan amount, the SBA guaranteed $726,750.

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 55 employees. The SBA loan documents did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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SBA 7A Banks for Longmont, Colorado Loans

Where to Get an SBA Loan Colorado