Colorado SBA Loan Issued to Chiropractors Company

ColoradoSBA loans are available to Colorado entrepreneurs through the SBA. In this case, a Colorado bank provides the loan.

Getting a small business loan in Palmer Lake, Colorado was a top priority for this particular business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from First National Bank - Las Animas. Here are the details on this Colorado small business loan.

SBA Loan Borrower

COMPANY TYPE: CHIROPRACTORS
PALMER LAKE, CO 80133

SBA Loan Lender

FIRST NATIONAL BANK - LAS ANIMAS
625 HWY 105
MONUMENT, CO 80132

This lender issued this particular bank 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

621310 - Chiropractors

Loan Approval Date

3/22/2004

Loan Approval Gross Amount

$71,900

Loan Approval from the SBA

Of the total $71,900 loan amount, the SBA guaranteed $61,115.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the business planned to use the money to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

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 First National Bank - Las Animas 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:

Small Business Credit Cards

SBA Approved Banks in Monument, Colorado

SBA Lenders in Colorado