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May 8, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Salt Lake City, Business Loans > Bank Of The West Salt Lake City Business Loans > Plumbing, Heating, And Air Conditioning Contractors Loan | ||||
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What Does It Take to Get a Business Loan in Delta, Colorado?
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Get an SBA Loan for Plumbing, Heating, and Air Conditioning ContractorsWith these small business loans for plumbing, heating, and air conditioning contractors, the SBA guarantees the lender that the loan will be repaid. This plumbing, heating, and air conditioning contractors loan for $511,000 was given to a Colorado entrepreneur in 2002. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Delta, Colorado was able to borrow $511,000 from Bank Of The West. The SBA made the loan possible by guaranteeing $383,250 of this Colorado small business loan. SBA Loan Borrower COMPANY TYPE: PLUMBING, HEATING, AND AIR CONDITIONING CONTRACTORS SBA Loan Lender BANK OF THE WEST Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 235110 - Plumbing, Heating, and Air Conditioning Contractors Loan Approval Date 3/21/2002 Loan Approval Gross Amount $511,000 Loan Approval from the SBA Of the total $511,000 loan amount, the SBA guaranteed $383,250. 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 5 employees. The loan application indicated that the loan would help retain 5 existing jobs. Next Steps for Getting an SBA Loan If you are wondering how to raise money for a business in Delta CO, you ought to talk with a local Delta SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Delta businesses. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $511,000 loan. Remember, things become real when you believe you can achieve them! 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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