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March 28, 2024  
 
 
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How to Get SBA Loans in Longmont, Colorado

 

 
Loan Census SBA Loan Info

Loans for Sporting Goods Stores

With these loans for sporting goods stores, the SBA guarantees the lender that the loan will be repaid. This sporting goods stores loan for $131,800 was given to a Colorado entrepreneur in 2000.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Longmont, Colorado was able to borrow $131,800 from Wells Fargo Bank. The SBA made the loan possible by guaranteeing $98,850 of this Colorado small business loan.

SBA Loan Borrower

COMPANY TYPE: SPORTING GOODS STORES AND BICYCLE SHOPS
LONGMONT, CO 80502

SBA Loan Lender

WELLS FARGO BANK
1740 BROADWAY
DENVER, CO 80290

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5941 - Sporting Goods Stores and Bicycle Shops

NAICS Code

451110 - Sporting Goods Stores

Loan Approval Date

3/30/2000

Loan Approval Gross Amount

$131,800

Loan Approval from the SBA

Of the total $131,800 loan amount, the SBA guaranteed $98,850.

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 3 employees. The SBA loan documents did not indicate that the company planned to use the loan proceeds to add employees 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 Wells Fargo Bank 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:

Business Credit Evaluation

SBA 7A Lenders in Denver, Colorado

Colorado SBA 7A Lenders