Business Loans for Sporting and Athletic Goods Manufacturing

Looking for business loans for sporting and athletic goods manufacturing? The SBA may be the answer. This $1,058,000 sporting and athletic goods manufacturing loan was issued by a Colorado bank.

This small business knew how to go about getting a business bank loan. Based in Wheat Ridge, Colorado, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Premier Bank, based in Denver, Colorado.

SBA Loan Borrower

COMPANY TYPE: SPORTING AND ATHLETIC GOODS MANUFACTURING
WHEAT RIDGE, CO 80033

SBA Loan Lender

PREMIER BANK
1630 STOUT ST
DENVER, CO 80202

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

339920 - Sporting and Athletic Goods Manufacturing

Loan Approval Date

11/26/2004

Loan Approval Gross Amount

$1,058,000

Loan Approval from the SBA

Of the total $1,058,000 loan amount, the SBA guaranteed $793,500.

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 7 employees. The SBA loan documents did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

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 $1,058,000 loan. Remember, if it to be, it is up to me!

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.

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