Entrepreneur Works With Rifle, Colorado Bank to Get an SBA Loan

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

Applying for an SBA loan with Alpine Bank worked out well for our friends at one local firm in Rifle, Colorado. The business was able to get an SBA loan for $150,000. Way to go!

SBA Loan Borrower

COMPANY TYPE: INSURANCE AGENCIES AND BROKERAGES
RIFLE, CO 81650

SBA Loan Lender

ALPINE BANK
100 E 4TH ST
RIFLE, CO 81650

This lender issued this particular bank 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.

NAICS Code

524210 - Insurance Agencies and Brokerages

Loan Approval Date

3/6/2002

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Obtaining Funding - Getting Venture Capital

SBA Participating Banks in Rifle, Colorado

Where to Get an SBA Loan Colorado