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November 15, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Greenwood Village, Business Loans > Community Banks Of Colorado Greenwood Village Business Loans > General Automotive Repair Loan | ||||
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SBA Lender Colorado
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Pueblo, Colorado Business Gets SBA-Guaranteed Funding from Community Banks Of ColoradoAn SBA loan from Community Banks Of Colorado typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Pueblo, Colorado business owner got a $881,255 loan. Getting a small business loan in Pueblo, Colorado was an essential business goal for this firm back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Community Banks Of Colorado, operating out of Greenwood Village, Colorado. Here are the details on this Colorado small business loan. SBA Loan Borrower COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR SBA Loan Lender COMMUNITY BANKS OF COLORADO This lender issued this small business loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811111 - General Automotive Repair Loan Approval Date 4/9/2007 Loan Approval Gross Amount $881,255 Loan Approval from the SBA Of the total $881,255 loan amount, the SBA guaranteed $660,941. More Information on This SBA Loan The borrower borrowed this money for an existing 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 9 employees. The SBA loan documents indicated that the loan would help retain 9 existing jobs. Next Steps for Getting an SBA Loan 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. This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Banks in Greenwood Village, Colorado
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