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November 15, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Arvada, Business Loans > Bank Of Choice-Colorado Arvada Business Loans > Car Washes Loan | ||||
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Get a Small Business Loan in Thornton, Colorado
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Bank Of Choice-Colorado Gives Small Business Loan to Car Washes CompanyWant a Colorado bank loan? This Colorado entrepreneur got a bank loan, provided by a Colorado bank that works with the SBA to help small business owners. By giving the right information to Bank Of Choice-Colorado, this Thornton, Colorado business was able to get an SBA loan. To get this loan, the entrepreneur gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: CAR WASHES SBA Loan Lender BANK OF CHOICE-COLORADO This business 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 811192 - Car Washes Loan Approval Date 3/1/2005 Loan Approval Gross Amount $389,963 Loan Approval from the SBA Of the total $389,963 loan amount, the SBA guaranteed $292,472. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the business promised to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Bank Of Choice-Colorado that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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 7A Banks in Arvada, Colorado Find an SBA Lender in Colorado
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