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April 19, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Avon, Business Loans > Firstbank Of Avon Avon Business Loans > Retail Bakeries Loan | ||||
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Colorado Bank SBA Loans
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Firstbank Of Avon SBA Loan to Retail Bakeries CompanyWant a Colorado business loan? Here's one Colorado business loan that was approved by the SBA. This up and coming company knew how to go about getting a business bank loan. Based in Steamboat Springs, Colorado, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Firstbank Of Avon, based in Avon, Colorado. SBA Loan Borrower COMPANY TYPE: RETAIL BAKERIES SBA Loan Lender FIRSTBANK OF AVON This lender issued this particular debt financing under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5461 - Retail Bakeries Loan Approval Date 4/10/2000 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $112,500. 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 3 employees. This SBA loan request did not indicate that the business planned to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Obtaining Funding From a Venture Capitalist Small Business Banks in Avon, Colorado
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