Business Loan from Vectra Bank Colorado Given to General Automotive Repair Company

An SBA loan from Vectra Bank Colorado typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Wheatridge, Colorado business owner got a $50,000 loan.

This growing company knew how to go about getting a business bank loan. Based in Wheatridge, Colorado, they applied for and received an SBA-guaranteed loan in 2007. The lending bank was Vectra Bank Colorado, based in Farmington, New Mexico.

SBA Loan Borrower

COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR
WHEATRIDGE, CO 80214

SBA Loan Lender

VECTRA BANK COLORADO
2000 E 20TH ST
FARMINGTON, NM 87401

This bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

811111 - General Automotive Repair

Loan Approval Date

7/3/2007

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $25,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower indicated that the loan would help retain 4 existing jobs.

Next Steps for Getting an SBA Loan

If you want money for new small business in Wheatridge CO, you ought to talk with a local Wheatridge SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Wheatridge businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Vectra Bank Colorado are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Choosing VC Firms

Small Business Banks in Farmington, New Mexico

Getting an SBA Loan in New Mexico