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December 18, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Hotchkiss, Business Loans > First State Bank Of Hotchkiss Hotchkiss Business Loans > Eating Places Loan | ||||
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Colorado Bank SBA Loans
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First State Bank Of Hotchkiss SBA Loan to Eating Places CompanyWant a Colorado SBA loan? Here's one Colorado business loan that was approved by the SBA. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Montrose, Colorado was able to borrow $190,500 from First State Bank Of Hotchkiss. The SBA made the loan possible by guaranteeing $142,875 of this Colorado small business loan. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender FIRST STATE BANK OF HOTCHKISS As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places Loan Approval Date 3/8/2000 Loan Approval Gross Amount $190,500 Loan Approval from the SBA Of the total $190,500 loan amount, the SBA guaranteed $142,875. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 9 employees. The SBA loan application for the borrower indicated that the loan would help generate 9 new jobs and retain 9 existing jobs. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. 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: Obtaining Funding - How to Borrow Money SBA Banks in Hotchkiss, Colorado
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