Wheat Ridge, Colorado Entrepreneur Gets a Business Loan
ColoradoBusiness loans are available to Colorado business owners through the SBA. In this case, an Ohio bank provides the loan.
Getting a small business loan in Wheat Ridge, Colorado was a top priority for this SBA-financed company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from U.S. Bank National Association. Here are the details on this Colorado small business loan.
SBA Loan Borrower
COMPANY TYPE: CAR WASHES
WHEAT RIDGE, CO 80212
SBA Loan Lender
U.S. BANK NATIONAL ASSOCIATION
425 WALNUT ST
CINCINNATI, OH 45202
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
811192 - Car Washes
Loan Approval Date
5/19/2004
Loan Approval Gross Amount
$613,500
Loan Approval from the SBA
Of the total $613,500 loan amount, the SBA guaranteed $460,125.
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 only one employee. The SBA loan documents indicated that the loan would help retain 1 existing job.
Getting an SBA Loan For Your Business
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $613,500 loan. Remember, where there is a will, there is a way!
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:
Famous Venture Capitalists
SBA 7A Lenders in Cincinnati, Ohio
SBA Ohio Lenders