Get an SBA Loan for Crushed and Broken Limestone Mining

Looking for small business loans for crushed and broken limestone mining? The SBA may be the answer. This $385,000 crushed and broken limestone mining loan was issued by a Colorado bank.

This company knew how to go about getting a business bank loan. Based in Maybell, Colorado, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was First National Bank - Rockies, based in Craig, Colorado.

SBA Loan Borrower

COMPANY TYPE: CRUSHED AND BROKEN LIMESTONE MINING
MAYBELL, CO 81640

SBA Loan Lender

FIRST NATIONAL BANK - ROCKIES
600 YAMPA AVE
CRAIG, CO 81625

This lender issued this business loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

212312 - Crushed and Broken Limestone Mining

Loan Approval Date

6/22/2004

Loan Approval Gross Amount

$385,000

Loan Approval from the SBA

Of the total $385,000 loan amount, the SBA guaranteed $288,750.

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 11 employees. The loan application did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

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

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First National Bank - Rockies that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Accountant's Role in Securing Financing

SBA 7A Lenders in Craig, Colorado

Colorado SBA Bank Lenders