Get an SBA Loan for Video Tape and Disc Rental

Looking for loans for video tape and disc rental? Talk to a banker who works with the SBA. This $60,000 video tape and disc rental loan was issued by a Colorado bank.

Getting a small business loan in Pueblo, Colorado was important for this growing firm back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Vectra Bank Colorado, operating out of Pueblo, Colorado. Here are the details on this Colorado small business loan.

SBA Loan Borrower

COMPANY TYPE: VIDEO TAPE RENTAL
PUEBLO, CO 81006

SBA Loan Lender

VECTRA BANK COLORADO
401 W NORTHERN AVE
PUEBLO, CO 81004

This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7841 - Video Tape Rental

NAICS Code

532230 - Video Tape and Disc Rental

Loan Approval Date

7/6/2000

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $48,000.

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 2 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

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 are raising money for operating expenses? 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:

Choosing VC Firms

Best Banks for Small Business in Pueblo, Colorado

Colorado SBA 7A Banks