Rocky Ford, Colorado Lender Lends Money to Plastics Products Company

Want to talk with a Rocky Ford, Colorado bank about a small business loan? Here's one Colorado business loan, issued by a Rocky Ford bank, that was approved by the SBA.

Applying for an SBA loan with The State Bank worked out well for our friends at one local company in Pueblo, Colorado. The business was able to get an SBA loan for $761,032. Way to go!

SBA Loan Borrower

COMPANY TYPE: PLASTICS PRODUCTS
PUEBLO, CO 81001

SBA Loan Lender

THE STATE BANK
301 N MAIN
ROCKY FORD, CO 81067

This lender issued this SBA bank loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program was started 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.

SIC Code

3089 - Plastics Products

NAICS Code

326121 - Unsupported Plastics Profile Shapes Manufacturing

Loan Approval Date

6/2/2003

Loan Approval Gross Amount

$761,032

Loan Approval from the SBA

Of the total $761,032 loan amount, the SBA guaranteed $570,774.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 20 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great source of funding.

We can help you find the best banks for small businesses in Pueblo or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Business Line of Credit

Good Banks for Small Business in Rocky Ford, Colorado

Where to Get an SBA Loan Colorado