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November 15, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Farmington, Business Loans > Vectra Bank Colorado Farmington Business Loans > Industrial Machinery And Equipment Merchant Wholesalers Loan | ||||
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Small Business Banks for Montrose, Colorado Entrepreneurs
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Montrose, Colorado Entrepreneur Gets an SBA LoanColoradoBusiness loans are available to Colorado business owners through the SBA. In this case, a New Mexico bank provides the loan. Getting a small business loan in Montrose, Colorado was a top priority for this SBA-financed company back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Vectra Bank Colorado. Here are the details on this Colorado small business loan. SBA Loan Borrower COMPANY TYPE: INDUSTRIAL MACHINERY AND EQUIPMENT MERCHANT WHOLESALERS SBA Loan Lender VECTRA BANK COLORADO This lender processed this SBA business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 423830 - Industrial Machinery and Equipment Merchant Wholesalers Loan Approval Date 5/12/2006 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 6 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 6 existing jobs. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Vectra Bank Colorado and they will explain how you can get an SBA loan for your company. 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 Participating Banks in Farmington, New Mexico
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