Loan Census Banking News and Information
January 21, 2021  
 
 
  Business Loan Information  
 

How Hard Is It to Get a Small Business Loan in Cedaredge, Colorado?

 

 
Loan Census SBA Loan Info

Small Business Loans for Crop Farming

Looking for small business loans for crop farming? Try the SBA. This $22,000 crop farming loan was issued by a Colorado bank.

Getting a small business loan in Cedaredge, Colorado was important for this growing firm back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Montrose Bank, operating out of Cedaredge, Colorado. Here are the details on this Colorado small business loan.

SBA Loan Borrower

COMPANY TYPE: CROP FARMING
CEDAREDGE, CO 81413

SBA Loan Lender

MONTROSE BANK
945 S GRAND MESA DR
CEDAREDGE, CO 81413

This lender issued this particular debt financing under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

111998 - Crop Farming

Loan Approval Date

1/11/2001

Loan Approval Gross Amount

$22,000

Loan Approval from the SBA

Of the total $22,000 loan amount, the SBA guaranteed $18,700.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 only one employee. The loan application did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $22,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Raising VC Money for Social Networking Companies

SBA 7A Banks in Cedaredge, Colorado

SBA Participating Banks in Colorado