Financing for Construction, Mining, and Forestry Machinery Equipment Rental and Leasing
Looking for commercial loans for construction, mining, and forestry machinery equipment rental and leasing? The SBA may be the answer. This $1,241,000 construction, mining, and forestry machinery equipment rental and leasing loan was issued by a Colorado bank.
Getting a small business loan in Leadville, Colorado was important for this small business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Peoples National Bank Leadville, operating out of Leadville, Colorado. Here are the details on this Colorado small business loan.
SBA Loan Borrower
COMPANY TYPE: CONSTRUCTION, MINING, AND FORESTRY MACHINERY EQUIPMENT RENTAL AND LEASING
LEADVILLE, CO 80461
SBA Loan Lender
PEOPLES NATIONAL BANK LEADVILLE
400 HARRISON AVE
LEADVILLE, CO 80461
SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
532412 - Construction, Mining, and Forestry Machinery Equipment Rental and Leasing
Loan Approval Date
1/8/2003
Loan Approval Gross Amount
$1,241,000
Loan Approval from the SBA
Of the total $1,241,000 loan amount, the SBA guaranteed $930,750.
More Information on This SBA Loan
The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 9 employees. The SBA loan documents did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees.
Getting an SBA Loan For Your Business
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Peoples National Bank Leadville that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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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SBA 7A Banks for Leadville, Colorado Loans
Colorado SBA 7A Lenders