Hotchkiss, Colorado Bank Lends Money to Specialty Food Stores Company in Montrose, Colorado

Thinking about meeting with a Hotchkiss, Colorado bank about a small business loan? Here's one Colorado business loan, issued by a Hotchkiss bank, that was approved by the SBA.

Applying for an SBA loan with First State Bank Of Hotchkiss worked out well for our friends at one local firm in Montrose, Colorado. They received an SBA loan for $165,000. Great job!

SBA Loan Borrower

COMPANY TYPE: SPECIALTY FOOD STORES
MONTROSE, CO 81401

SBA Loan Lender

FIRST STATE BANK OF HOTCHKISS
102 E BRIDGE ST
HOTCHKISS, CO 81419

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445299 - Specialty Food Stores

Loan Approval Date

5/5/2004

Loan Approval Gross Amount

$165,000

Loan Approval from the SBA

Of the total $165,000 loan amount, the SBA guaranteed $123,750.

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. The SBA loan documents did not indicate that the business planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are raising money in Montrose CO, you ought to talk with a local Montrose SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Montrose businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Angel Investors

SBA 7A Banks for Hotchkiss, Colorado Loans

Getting an SBA Loan in Colorado