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April 25, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Grand Junction, Business Loans > First National Bank - Rockies Grand Junction Business Loans > Insurance Agencies And Brokerages Loan | ||||
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SBA Lender Grand Junction
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Grand Junction, Colorado Bank Gives SBA Loan to Insurance Agencies And Brokerages CompanyThinking about meeting with a Grand Junction, Colorado bank about a small business loan? Here's one Colorado business loan, issued by a Grand Junction bank, that was approved by the SBA. Applying for an SBA loan with First National Bank - Rockies worked out well for our friends at one local business in Rifle, Colorado. The business was able to get an SBA loan for $150,000. Sweet! SBA Loan Borrower COMPANY TYPE: INSURANCE AGENCIES AND BROKERAGES SBA Loan Lender FIRST NATIONAL BANK - ROCKIES This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with getting a loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 524210 - Insurance Agencies and Brokerages Loan Approval Date 6/12/2001 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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. This SBA loan request did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $150,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Banks in Grand Junction, Colorado Find an SBA Lender in Colorado
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