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November 15, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Fort Collins, Business Loans > Bank Of Colorado Fort Collins Business Loans > Hardware Stores Loan | ||||
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Colorado SBA Lenders
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Fort Collins, Colorado Bank Lends Money to Hardware Stores Company in Sterling, ColoradoA Fort Collins, Colorado business loan can be yours. Learn how a business got a $1,056,514 business loan from this Colorado bank. This loan to a local firm is a good example of an SBA loan. Bank Of Colorado made the loan and the SBA guaranteed a portion of the loan. Many other Colorado entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: HARDWARE STORES SBA Loan Lender BANK OF COLORADO The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide small business loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 444130 - Hardware Stores Loan Approval Date 1/31/2002 Loan Approval Gross Amount $1,056,514 Loan Approval from the SBA Of the total $1,056,514 loan amount, the SBA guaranteed $792,386. 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 55 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. 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: SBA Participating Banks in Fort Collins, Colorado
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