Colorado Springs, Colorado Entrepreneur Gets an SBA Loan
Would a Colorado business loan help your company expand? If so, you may want to talk with this Minnesota bank, which offers SBA loans to Colorado entrepreneurs.
This business, based in Colorado Springs, Colorado, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Wells Fargo Bank. We've got the inside scoop on this Colorado small business loan.
SBA Loan Borrower
COMPANY TYPE: SURVEYING AND MAPPING SERVICES
COLORADO SPRINGS, CO 80903
SBA Loan Lender
WELLS FARGO BANK
2329 CENTRAL AVE NE
MINNEAPOLIS, MN 55418
This lender provides SBA guaranteed 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
541370 - Surveying and Mapping Services
Loan Approval Date
7/21/2003
Loan Approval Gross Amount
$171,000
Loan Approval from the SBA
Of the total $171,000 loan amount, the SBA guaranteed $128,250.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 2 employees. The SBA loan application for the borrower indicated that the loan would help retain 2 existing jobs.
Getting an SBA Loan For Your Business
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.
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SBA Minnesota Banks