Getting an SBA Loan for Health and Personal Care Stores
Looking for commercial loans for health and personal care stores? An SBA loan may be just what you've been looking for. This $308,000 health and personal care stores loan was issued by a Colorado bank.
Getting a small business loan in Westminster, Colorado was important for this business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from First National Bank - Colorado, operating out of Denver, Colorado. Here are the details on this Colorado small business loan.
SBA Loan Borrower
COMPANY TYPE: HEALTH AND PERSONAL CARE STORES
WESTMINSTER, CO 80030
SBA Loan Lender
FIRST NATIONAL BANK - COLORADO
555 17TH ST, STE 3400
DENVER, CO 80202
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
446199 - Health and Personal Care Stores
Loan Approval Date
5/19/2005
Loan Approval Gross Amount
$308,000
Loan Approval from the SBA
Of the total $308,000 loan amount, the SBA guaranteed $231,000.
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 21 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees.
Next Steps for Getting an SBA Loan
Every year, the SBA guarantees over $10 billion for loans just like this one.
Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like First National Bank - Colorado and they will explain how you can get an SBA loan for your company.
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:
Business Line of Credit
Banks in Denver, Colorado
Colorado SBA 7A Lenders