Loan Census Banking News and Information
November 15, 2024  
 
 
  Business Loan Information  
 

We Needed a Business Loan in Longmont, Colorado and We Got One!

 

 
Loan Census SBA Loan Info

Loans for Graphic Design Services

With these loans for graphic design services, the SBA guarantees the lender that the loan will be repaid. This graphic design services loan for $249,900 was given to a Colorado entrepreneur in 2007.

This small firm received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Wells Fargo Bank, out of Sioux Falls, South Dakota. The loan was granted and they received $249,900 to help grow their Longmont, Colorado business.

SBA Loan Borrower

COMPANY TYPE: GRAPHIC DESIGN SERVICES
Longmont, CO 80501

SBA Loan Lender

WELLS FARGO BANK
101 N PHILIPS AVE
SIOUX FALLS, SD 57104

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541430 - Graphic Design Services

Loan Approval Date

10/8/2007

Loan Approval Gross Amount

$249,900

Loan Approval from the SBA

Of the total $249,900 loan amount, the SBA guaranteed $187,425.

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 3 employees. This SBA loan request indicated that the borrowed money would help create 3 new jobs.

Start the Process for Getting an SBA Loan Today!

Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $249,900 loan. Remember, fight for what you want, and it will be yours!

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:

Startup Funding Tip

Good Banks for Small Business in Sioux Falls, South Dakota

Getting a Business Loan in South Dakota