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November 21, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Salt Lake City, Business Loans > Bank Of The West Salt Lake City Business Loans > Food Manufacturing Loan | ||||
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Niwot, Colorado Bank Loan
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Where to Get Capital for Food ManufacturingWith these SBA loans for food manufacturing, the SBA guarantees the lender that the loan will be repaid. This food manufacturing loan for $57,000 was given to a Colorado entrepreneur in 2002. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Niwot, Colorado was able to borrow $57,000 from Bank Of The West. The SBA made the loan possible by guaranteeing $48,450 of this Colorado small business loan. SBA Loan Borrower COMPANY TYPE: FOOD MANUFACTURING SBA Loan Lender BANK OF THE WEST This lender issued this particular small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 311999 - Food Manufacturing Loan Approval Date 1/17/2002 Loan Approval Gross Amount $57,000 Loan Approval from the SBA Of the total $57,000 loan amount, the SBA guaranteed $48,450. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the company planned to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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 Best Banks in Salt Lake City, Utah SBA Participating Banks in Utah
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