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March 28, 2024  
 
 
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Raising Money in Colorado Springs, Colorado With SBA Loans

 

 
Loan Census SBA Loan Info

Loan to Buy Street Corner News Franchise Issued By Vista Bank

Borrowing money to purchase a Street Corner News franchise? Vista Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Street Corner News franchise? If so, here's a 2002 SBA franchise loan that you should know about. Vista Bank was the lender and the entrepreneur was based in Colorado Springs, Colorado.

SBA Loan Borrower

STREET CORNER NEWS
COLORADO SPRINGS, CO 80919

SBA Loan Lender

VISTA BANK
1310 GARDEN OF THE GODS RD
COLORADO SPRINGS, CO 80907

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

453998 - Store Retailers

Loan Approval Date

6/26/2002

Loan Approval Gross Amount

$96,000

Loan Approval from the SBA

Of the total $96,000 loan amount, the SBA guaranteed $81,600.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Street Corner News franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

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

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Vista Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Street Corner

Advice on Getting a Small Business Loan

SBA 7A Banks for Colorado Springs, Colorado Loans

SBA Colorado Lenders