Fort Collins, Colorado Bank Lends Money to Direct Property And Casualty Insurance Carriers Company in Thornton, Colorado

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

Applying for an SBA loan with Bank Of Colorado worked out well for our friends at one local company in Thornton, Colorado. The business was able to get an SBA loan for $55,000. Nice!

SBA Loan Borrower

COMPANY TYPE: DIRECT PROPERTY AND CASUALTY INSURANCE CARRIERS
THORNTON, CO 80233

SBA Loan Lender

BANK OF COLORADO
1609 E HARMONY RD
FORT COLLINS, CO 80525

This lender issued this particular SBA 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

524126 - Direct Property and Casualty Insurance Carriers

Loan Approval Date

10/21/2003

Loan Approval Gross Amount

$55,000

Loan Approval from the SBA

Of the total $55,000 loan amount, the SBA guaranteed $46,750.

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 2 employees. The SBA loan application for the borrower did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide smart, affordable business financing for small businesses looking to expand.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Bank Of Colorado and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Small Business Loan

Where to Get an SBA Loan in Fort Collins, Colorado

Colorado SBA Bank Lenders