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March 28, 2024  
 
 
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Delta Bank Loan

 

 
Loan Census SBA Loan Info

Delta, Colorado Bank Gives SBA Loan to Hotels And Motels Company

Thinking about meeting with a Delta, Colorado bank about a small business loan? Here's one Colorado business loan, issued by a Delta bank, that was approved by the SBA.

Applying for an SBA loan with Bank Of Colorado worked out well for our friends at one local firm in Delta, Colorado. The business was able to get an SBA loan for $745,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: HOTELS AND MOTELS
DELTA, CO 81416

SBA Loan Lender

BANK OF COLORADO
145 W 4TH ST
DELTA, CO 81416

This business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721110 - Hotels and Motels

Loan Approval Date

7/15/2002

Loan Approval Gross Amount

$745,000

Loan Approval from the SBA

Of the total $745,000 loan amount, the SBA guaranteed $558,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

This SBA loan was for $745,000. How would you spend $745,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

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Small Business Banks in Delta, Colorado

SBA Lenders in Colorado