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April 19, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Leadville, Business Loans > Peoples National Bank Leadville Leadville Business Loans > Supermarkets And Grocery Stores Loan | ||||
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How to Get SBA Loans in Fairplay, Colorado
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Supermarkets and Grocery Stores Bank LoansLooking for bank loans for supermarkets and grocery stores? Try the SBA. This $425,000 supermarkets and grocery stores loan was issued by a Colorado bank. This small firm knew how to go about getting a business bank loan. Based in Fairplay, Colorado, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Peoples National Bank Leadville, based in Leadville, Colorado. SBA Loan Borrower COMPANY TYPE: SUPERMARKETS AND GROCERY STORES SBA Loan Lender PEOPLES NATIONAL BANK LEADVILLE This SBA bank 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 445110 - Supermarkets and Grocery Stores Loan Approval Date 7/3/2002 Loan Approval Gross Amount $425,000 Loan Approval from the SBA Of the total $425,000 loan amount, the SBA guaranteed $318,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 9 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: SBA Participating Banks in Leadville, Colorado
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