Loan Census Banking News and Information
December 18, 2024  
 
 
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SBA Lenders Colorado

 

 
Loan Census SBA Loan Info

Aurora, Colorado Bank Lends Money to Gift, Novelty, And Souvenir Shops Company in Parker, Colorado

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

Applying for an SBA loan with Guaranty Bank & Trust worked out well for our friends at one local firm in Parker, Colorado. The business was able to get an SBA loan for $135,000. Sweet!

SBA Loan Borrower

COMPANY TYPE: GIFT, NOVELTY, AND SOUVENIR SHOPS
PARKER, CO 80134

SBA Loan Lender

GUARANTY BANK & TRUST
3950 LEWISTON ST, 1 GATEWAY C
AURORA, CO 80011

This lender issued this particular SBA 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.

SIC Code

5947 - Gift, Novelty, and Souvenir Shops

NAICS Code

453220 - Gift, Novelty, and Souvenir Stores

Loan Approval Date

4/11/2000

Loan Approval Gross Amount

$135,000

Loan Approval from the SBA

Of the total $135,000 loan amount, the SBA guaranteed $101,250.

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 company planned to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

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

This SBA loan was for $135,000. How would you spend $135,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Direct Public Offerings

Who Lends Money to Small Businesses in Aurora, Colorado

SBA Participating Banks in Colorado