Pueblo, Colorado Business Gets SBA-Guaranteed Funding from Sunflower Bank

Sunflower Bank has a track record as a leading provider of SBA loans. Find out how this Colorado entrepreneur received an SBA loan from them.

This business knew how to go about getting a business bank loan. Based in Pueblo, Colorado, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was Sunflower Bank, based in Pueblo, Colorado.

SBA Loan Borrower

COMPANY TYPE: PAINTING AND WALL COVERING
PUEBLO, CO 81005

SBA Loan Lender

SUNFLOWER BANK
1701 SANTA FE DR
PUEBLO, CO 81006

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

235210 - Painting and Wall Covering

Loan Approval Date

6/30/2004

Loan Approval Gross Amount

$590,500

Loan Approval from the SBA

Of the total $590,500 loan amount, the SBA guaranteed $442,875.

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 20 employees. The loan application did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

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 Sunflower Bank 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:

How to Raise Money

Where to Get an SBA Loan in Pueblo, Colorado

Getting a Business Loan in Colorado