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November 15, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Pueblo, Business Loans > Sunflower Bank Pueblo Business Loans > Specialized Local Freight Trucking Loan | ||||
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Who Lends Money to Pueblo Small Businesses
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Growing Company Gets a Colorado Business LoanColoradoBank loans are available to Colorado firms through the SBA. In this case, a Colorado bank provides the loan. By giving the right information to Sunflower Bank, this Pueblo, Colorado business was able to get an SBA loan. To get this loan, the entrepreneur gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: SPECIALIZED LOCAL FREIGHT TRUCKING SBA Loan Lender SUNFLOWER BANK This debt financing was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 484220 - Specialized Local Freight Trucking Loan Approval Date 2/25/2004 Loan Approval Gross Amount $26,300 Loan Approval from the SBA Of the total $26,300 loan amount, the SBA guaranteed $22,355. 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 only one employee. This SBA loan request did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business If you are working on finding money to start a business in Pueblo CO, you ought to talk with a local Pueblo SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Pueblo businesses. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Sunflower Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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:
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