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May 16, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Farmington, Business Loans > Vectra Bank Colorado Farmington Business Loans > Administrative Management And General Management Consulting Services Loan | ||||
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How to Get SBA Money in Lakewood, Colorado
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Vectra Bank Colorado Gives Business Loan to Administrative Management And General Management Consulting Services CompanyColoradoSmall business loans are available to Colorado small business owners through the SBA. In this case, a New Mexico bank provides the loan. Getting a small business loan in Lakewood, Colorado was a top priority for this small company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Vectra Bank Colorado. Here are the details on this Colorado small business loan. SBA Loan Borrower COMPANY TYPE: ADMINISTRATIVE MANAGEMENT AND GENERAL MANAGEMENT CONSULTING SERVICES SBA Loan Lender VECTRA BANK COLORADO The lender provided this commercial loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 541611 - Administrative Management and General Management Consulting Services Loan Approval Date 7/12/2007 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $50,000. 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 5 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 5 existing jobs. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $100,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Find an SBA Lender in Farmington, New Mexico Where to Get an SBA Loan New Mexico
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