Loan Census Banking News and Information
January 19, 2021  
 
 
  Business Loan Information  
 

Glenwood Springs, Colorado Bank for SBA Loans

 

 
Loan Census SBA Loan Info

SBA Loans for Radio, Television, and Electronics Stores

Looking for SBA loans for radio, television, and electronics stores? An SBA loan may be just what you've been looking for. This $700,000 radio, television, and electronics stores loan was issued by a Colorado bank.

This small business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with American National Bank, out of Glenwood Springs, Colorado. The loan was granted and they received $700,000 to help grow their Glenwood Springs, Colorado business.

SBA Loan Borrower

COMPANY TYPE: RADIO, TELEVISION, AND ELECTRONICS STORES
GLENWOOD SPRINGS, CO 81601

SBA Loan Lender

AMERICAN NATIONAL BANK
2624 GRAND AVE
GLENWOOD SPRINGS, CO 81601

This 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

443112 - Radio, Television, and Electronics Stores

Loan Approval Date

8/20/2004

Loan Approval Gross Amount

$700,000

Loan Approval from the SBA

Of the total $700,000 loan amount, the SBA guaranteed $525,000.

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 11 employees. The loan application did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

We can help you find the best banks for small businesses in Glenwood 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:

Understanding Dilution

SBA Participating Banks in Glenwood Springs, Colorado

Find an SBA Lender in Colorado