Get an SBA Loan for Vending Machine Operators

With these small business loans for vending machine operators, the SBA guarantees the lender that the loan will be repaid. This vending machine operators loan for $95,000 was given to a Colorado entrepreneur in 2002.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Pueblo, Colorado was able to borrow $95,000 from Peoples National Bank Leadville. The SBA made the loan possible by guaranteeing $80,750 of this Colorado small business loan.

SBA Loan Borrower

COMPANY TYPE: VENDING MACHINE OPERATORS
PUEBLO, CO 81003

SBA Loan Lender

PEOPLES NATIONAL BANK LEADVILLE
400 HARRISON AVE
LEADVILLE, CO 80461

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

454210 - Vending Machine Operators

Loan Approval Date

2/26/2002

Loan Approval Gross Amount

$95,000

Loan Approval from the SBA

Of the total $95,000 loan amount, the SBA guaranteed $80,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 company planned to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide smart, affordable business financing for small businesses looking to expand.

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 Peoples National Bank Leadville 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.

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