Loan Census Banking News and Information
April 18, 2024  
 
 
  Business Loan Information  
 

Colorado Springs, Colorado Bank for SBA Loans

 

 
Loan Census SBA Loan Info

Business Loans for Hardware Stores

Looking for business loans for hardware stores? Try the SBA. This $700,000 hardware stores loan was issued by a California bank.

This business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Wachovia Sba Lending, Inc., out of Roseville, California. The loan was granted and they received $700,000 to help grow their Colorado Springs, Colorado business.

SBA Loan Borrower

COMPANY TYPE: HARDWARE STORES
COLORADO SPRINGS, CO 80907

SBA Loan Lender

WACHOVIA SBA LENDING, INC.
1620 E. ROSEVILLE PKWY, STE 1
ROSEVILLE, CA 95661

This lender provides SBA business loans 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.

NAICS Code

444130 - Hardware Stores

Loan Approval Date

11/7/2003

Loan Approval Gross Amount

$700,000

Loan Approval from the SBA

Of the total $700,000 loan amount, the SBA guaranteed $299,530.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 65 employees. The SBA loan application for the borrower indicated that the loan would help generate 20 new jobs and retain 45 existing jobs.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

We can help you find the best banks for small businesses in Colorado Springs or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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