Business Loans for Sporting and Athletic Goods Manufacturing

Looking for business loans for sporting and athletic goods manufacturing? The SBA may be the answer. This $1,799,000 sporting and athletic goods manufacturing loan was issued by a Colorado bank.

This small business knew how to go about getting a business bank loan. Based in Salida, Colorado, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Pueblo Bank & Trust, based in Salida, Colorado.

SBA Loan Borrower

COMPANY TYPE: SPORTING AND ATHLETIC GOODS MANUFACTURING
SALIDA, CO 81201

SBA Loan Lender

PUEBLO BANK & TRUST
200 'F' ST
SALIDA, CO 81201

This bank loan 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

339920 - Sporting and Athletic Goods Manufacturing

Loan Approval Date

4/4/2007

Loan Approval Gross Amount

$1,799,000

Loan Approval from the SBA

Of the total $1,799,000 loan amount, the SBA guaranteed $1,349,250.

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 18 employees. The loan application indicated that the loan would help generate 4 new jobs and retain 14 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Pueblo Bank & Trust had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Pueblo Bank & Trust made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Strategic Investors

SBA Participating Banks in Salida, Colorado

Colorado SBA 7A Lenders