Falcon, Colorado Bank Gives SBA Loan to Ophthalmic Goods Wholesalers Company

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

Applying for an SBA loan with Farmers State Bank worked out well for our friends at one local firm in Peyton, Colorado. They received an SBA loan for $60,000. Great job!

SBA Loan Borrower

COMPANY TYPE: OPHTHALMIC GOODS WHOLESALERS
PEYTON, CO 80920

SBA Loan Lender

FARMERS STATE BANK
7025 MERIDIAN RD
FALCON, CO 80831

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

421460 - Ophthalmic Goods Wholesalers

Loan Approval Date

10/25/2002

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $51,000.

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 8 employees. The SBA loan documents did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

This SBA loan was for $60,000. How would you spend $60,000 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.

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