Southern Colorado National SBA Loan to Building Material Dealers Company

Southern Colorado National and the SBA work together to get business loans for growing small businesses. Here's an example of how a Colorado entrepreneur was able to get a loan to take a small business to the next level.

Getting a small business loan in Pueblo, Colorado was an essential business goal for this firm back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Southern Colorado National, operating out of Pueblo, Colorado. Here are the details on this Colorado small business loan.

SBA Loan Borrower

COMPANY TYPE: BUILDING MATERIAL DEALERS
PUEBLO, CO 81004

SBA Loan Lender

SOUTHERN COLORADO NATIONAL
3595 SPAULDING AVE
PUEBLO, CO 81008

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

444190 - Building Material Dealers

Loan Approval Date

1/23/2006

Loan Approval Gross Amount

$40,000

Loan Approval from the SBA

Of the total $40,000 loan amount, the SBA guaranteed $34,000.

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 small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Southern Colorado National had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Southern Colorado National made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Angel Investors

Banks in Pueblo, Colorado

Colorado SBA 7A Lenders