Loan Census Banking News and Information
November 21, 2024  
 
 
  Business Loan Information  
 

Getting a Business Loan in Winter Park, Colorado

 

 
Loan Census SBA Loan Info

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:

Obtaining Funding From a Venture Capitalist

SBA Banks in Salt Lake City, Utah

Utah SBA Bank Lenders