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April 23, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Loveland, Business Loans > Advantage Bank Loveland Business Loans > Computer Peripheral Equipment Manufacturing Loan | ||||
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Advantage Bank Small Business
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SBA Loan from Advantage Bank Helps Computer Peripheral Equipment Manufacturing CompanyAdvantage Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how a Colorado entrepreneur was able to get a loan to take a small business to the next level. This business knew how to go about getting a business bank loan. Based in Loveland, Colorado, they applied for and received an SBA-guaranteed loan in 2002. The lending bank was Advantage Bank, based in Loveland, Colorado. SBA Loan Borrower COMPANY TYPE: COMPUTER PERIPHERAL EQUIPMENT MANUFACTURING SBA Loan Lender ADVANTAGE BANK This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 334119 - Computer Peripheral Equipment Manufacturing Loan Approval Date 5/23/2002 Loan Approval Gross Amount $476,000 Loan Approval from the SBA Of the total $476,000 loan amount, the SBA guaranteed $357,000. 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 2 employees. The SBA loan documents did not indicate that the small business planned to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? 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. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: SBA 7A Banks for Loveland, Colorado Loans SBA Participating Banks in Colorado
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