Limousine Service Business Loans

Looking for business loans for limousine service? An SBA loan may be just what you've been looking for. This $300,000 limousine service loan was issued by a Colorado bank.

Getting a small business loan in Murray, Colorado was important for this small business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Native Amer Bancorporation Co., operating out of Denver, Colorado. Here are the details on this Colorado small business loan.

SBA Loan Borrower

COMPANY TYPE: LIMOUSINE SERVICE
MURRAY, CO 84107

SBA Loan Lender

NATIVE AMER BANCORPORATION CO.
999 18TH ST, STE 2460
DENVER, CO 80202

This lender issued this commercial loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 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

485320 - Limousine Service

Loan Approval Date

5/15/2003

Loan Approval Gross Amount

$300,000

Loan Approval from the SBA

Of the total $300,000 loan amount, the SBA guaranteed $225,000.

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 25 employees. The loan application did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Native Amer Bancorporation Co. and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Startup Funding Tip

SBA 7A Banks for Denver, Colorado Loans

SBA Lenders in Colorado