Colorado Springs, Colorado Bank Lends Money to Beer, Wine, And Liquor Stores Company in Colorado Springs, Colorado

Thinking about meeting with a Colorado Springs, Colorado bank about a small business loan? Here's one Colorado business loan, issued by a Colorado Springs bank, that was approved by the SBA.

Applying for an SBA loan with The Bank At Broadmoor worked out well for our friends at one local firm in Colorado Springs, Colorado. They got an SBA loan for $150,000. Great job!

SBA Loan Borrower

COMPANY TYPE: BEER, WINE, AND LIQUOR STORES
COLORADO SPRINGS, CO 80920

SBA Loan Lender

THE BANK AT BROADMOOR
440 CHAPEL HILLS DR
COLORADO SPRINGS, CO 80920

This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445310 - Beer, Wine, and Liquor Stores

Loan Approval Date

9/6/2006

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

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

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

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into The Bank At Broadmoor and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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 Approved Banks in Colorado Springs, Colorado

Where to Get an SBA Loan Colorado