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March 29, 2024  
 
 
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Colorado Bank SBA Loans

 

 
Loan Census SBA Loan Info

First State Bank Of Hotchkiss SBA Loan to No Industry Type Specified Company

Want a Colorado SBA loan? Here's one Colorado business loan that was approved by the SBA.

This local small business knew how to go about getting a business bank loan. Based in Hotchkiss, Colorado, they applied for and were given an SBA-guaranteed loan in 2005. The lending bank was First State Bank Of Hotchkiss, based in Hotchkiss, Colorado.

SBA Loan Borrower

COMPANY TYPE: NO INDUSTRY TYPE SPECIFIED
HOTCHKISS, CO 81419

SBA Loan Lender

FIRST STATE BANK OF HOTCHKISS
102 E BRIDGE ST
HOTCHKISS, CO 81419

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

517910 -

Loan Approval Date

3/8/2005

Loan Approval Gross Amount

$518,000

Loan Approval from the SBA

Of the total $518,000 loan amount, the SBA guaranteed $388,500.

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 35 employees. This SBA loan request indicated that the loan would help retain 35 existing jobs.

Getting an SBA Loan For Your Business

If you are working on finding money to start a business in Hotchkiss CO, you ought to talk with a local Hotchkiss SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Hotchkiss businesses.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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