Bank Of The West Gives Bank Loan to Deep Sea Foreign Transportation Of Freight Company
Business loans in Colorado are hard to find these days. We take a look at one Colorado business loan, provided by an Utah bank, that was approved by the SBA.
Getting a small business loan in Winter Park, Colorado was a top priority for this SBA-financed company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Bank Of The West. Here are the details on this Colorado small business loan.
SBA Loan Borrower
COMPANY TYPE: DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT
WINTER PARK, CO 80482
SBA Loan Lender
BANK OF THE WEST
142 EAST 200 SOUTH
SALT LAKE CITY, UT 84111
This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
4412 - Deep Sea Foreign Transportation of Freight
NAICS Code
483111 - Deep Sea Freight Transportation
Loan Approval Date
9/28/2000
Loan Approval Gross Amount
$271,000
Loan Approval from the SBA
Of the total $271,000 loan amount, the SBA guaranteed $203,250.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 14 employees. This SBA loan request indicated that the loan would help retain 14 existing jobs.
Next Steps for Getting an SBA Loan
If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great source of funding.
While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.
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:
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SBA Banks in Salt Lake City, Utah
Utah SBA Bank Lenders