First National Bank - Steamboat Spri SBA Loan to No Industry Type Specified Company
Looking to get a Colorado SBA loan? Here's one Colorado business loan that was approved by the SBA.
This growing firm needed an SBA business loan in Steamboat Springs, Colorado back in 2005 and, after submitting their loan application, they were successful in getting an SBA loan from First National Bank - Steamboat Spri, operating out of Steamboat Springs, Colorado. Here are the details on this Colorado small business loan.
SBA Loan Borrower
COMPANY TYPE: NO INDUSTRY TYPE SPECIFIED
STEAMBOAT SPRINGS, CO 80487
SBA Loan Lender
FIRST NATIONAL BANK - STEAMBOAT SPRI
600 S LINCOLN AVE
STEAMBOAT SPRINGS, CO 80477
This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
518111 -
Loan Approval Date
9/29/2005
Loan Approval Gross Amount
$32,000
Loan Approval from the SBA
Of the total $32,000 loan amount, the SBA guaranteed $27,200.
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 loan application did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees.
Getting an SBA Loan For Your Business
Many small businesses receive loans backed by the U.S. Small Business Administration.
While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.
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.
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