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January 8, 2025 |
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| Home > Small Business Lenders by State > Utah Business Loan Sources > Pagosa Springs, Business Loans > Citizens Bank - Pagosa Springs Pagosa Springs Business Loans > Rv Parks And Campgrounds Loan | ||||
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Tips for Entrepreneurs On Getting a Loan
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Bank Loans for RV Parks and CampgroundsLooking for bank loans for rv parks and campgrounds? Talk to a banker who works with the SBA. This $1,500,000 rv parks and campgrounds loan was issued by a Colorado bank. Getting a small business loan in Moab, Utah was important for this company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Citizens Bank - Pagosa Springs, operating out of Pagosa Springs, Colorado. Here are the details on this Utah small business loan. SBA Loan Borrower COMPANY TYPE: RV PARKS AND CAMPGROUNDS SBA Loan Lender CITIZENS BANK - PAGOSA SPRINGS This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721211 - RV Parks and Campgrounds Loan Approval Date 10/22/2004 Loan Approval Gross Amount $1,500,000 Loan Approval from the SBA Of the total $1,500,000 loan amount, the SBA guaranteed $990,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Citizens Bank - Pagosa Springs 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: SBA Approved Banks in Pagosa Springs, Colorado
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