How to Get a Loan for Petroleum and Petroleum Products Merchant Wholesalers
Looking for SBA loans for petroleum and petroleum products merchant wholesalers? The SBA may be the answer. This $400,000 petroleum and petroleum products merchant wholesalers loan was issued by a Colorado bank.
Getting a small business loan in Pueblo, Colorado was important for this small business back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Sunflower Bank, operating out of Pueblo, Colorado. Here are the details on this Colorado small business loan.
SBA Loan Borrower
COMPANY TYPE: PETROLEUM AND PETROLEUM PRODUCTS MERCHANT WHOLESALERS
PUEBLO, CO 81001
SBA Loan Lender
SUNFLOWER BANK
510 W 29TH ST
PUEBLO, CO 81008
This debt financing 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
424720 - Petroleum and Petroleum Products Merchant Wholesalers
Loan Approval Date
11/20/2006
Loan Approval Gross Amount
$400,000
Loan Approval from the SBA
Of the total $400,000 loan amount, the SBA guaranteed $300,000.
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 3 employees. The SBA loan documents did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.
Next Steps for Getting an SBA Loan
Many small businesses receive loans backed by the U.S. Small Business Administration.
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:
Business Line of Credit
Best Banks in Pueblo, Colorado
Colorado SBA 7A Lenders