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April 20, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Limon, Business Loans > Mile High Banks Limon Business Loans > Textile Product Mills Loan | ||||
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Mile High Banks SBA 7A Loans
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Textile Product Mills LoansWith these loans for textile product mills, the SBA guarantees the lender that the loan will be repaid. This textile product mills loan for $102,000 was given to a Colorado entrepreneur in 2005. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Longmont, Colorado was able to borrow $102,000 from Mile High Banks. The SBA made the loan possible by guaranteeing $86,700 of this Colorado small business loan. SBA Loan Borrower COMPANY TYPE: TEXTILE PRODUCT MILLS SBA Loan Lender MILE HIGH BANKS This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 314999 - Textile Product Mills Loan Approval Date 3/28/2005 Loan Approval Gross Amount $102,000 Loan Approval from the SBA Of the total $102,000 loan amount, the SBA guaranteed $86,700. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the company promised to use the money 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. This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Raising VC Money for Social Networking Companies Browse All Business Loan Sources for Colorado
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