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