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April 23, 2024  
 
 
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Examples of Colorado Springs SBA Loans

 

 
Loan Census SBA Loan Info

Financing for Sporting Goods Stores

Looking for commercial loans for sporting goods stores? An SBA loan may be just what you've been looking for. This $1,600,500 sporting goods stores loan was issued by a California bank.

Getting a small business loan in Colorado Springs, Colorado was important for this small business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Wachovia Sba Lending, Inc., operating out of Roseville, California. Here are the details on this Colorado small business loan.

SBA Loan Borrower

COMPANY TYPE: SPORTING GOODS STORES
COLORADO SPRINGS, CO 80905

SBA Loan Lender

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

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

451110 - Sporting Goods Stores

Loan Approval Date

11/17/2004

Loan Approval Gross Amount

$1,600,500

Loan Approval from the SBA

Of the total $1,600,500 loan amount, the SBA guaranteed $999,992.

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 24 employees. The loan application indicated that the loan would help generate 10 new jobs and retain 14 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

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.

Related Links:

The Art of Bootstrapping

SBA Banks in Roseville, California

California SBA 7A Lenders