First National Bank - Steamboat Spri SBA Loan to Plumbing And Heating Equipment And Supplies Merchant Wholesaler Company

First National Bank - Steamboat Spri and the SBA work together to get business loans for growing small businesses. Here's an example of how a Colorado entrepreneur was able to get a loan to take a small business to the next level.

Getting a small business loan in Steamboat Springs, Colorado was an essential business goal for this small business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from First National Bank - Steamboat Spri, operating out of Steamboat Springs, Colorado. Here are the details on this Colorado small business loan.

SBA Loan Borrower

COMPANY TYPE: PLUMBING AND HEATING EQUIPMENT AND SUPPLIES MERCHANT WHOLESALER
STEAMBOAT SPRINGS, CO 80477

SBA Loan Lender

FIRST NATIONAL BANK - STEAMBOAT SPRI
600 S LINCOLN AVE
STEAMBOAT SPRINGS, CO 80477

This was a Low Documentation SBA loan. The SBA launched this program to limit the paperwork associated with borrowing money. The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

423720 - Plumbing and Heating Equipment and Supplies Merchant Wholesaler

Loan Approval Date

3/22/2005

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 a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a business in Steamboat Springs CO, you ought to talk with a local Steamboat Springs SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Steamboat Springs businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First National Bank - Steamboat Spri had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First National Bank - Steamboat Spri 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.

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