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April 19, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Wheat Ridge, Business Loans > Firstbank Of Wheat Ridge Wheat Ridge Business Loans > Commercial Printing Loan | ||||
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Firstbank Of Wheat Ridge Business Loans Arvada, Colorado
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Business Loan from Firstbank Of Wheat Ridge Given to Commercial Printing CompanyFirstbank Of Wheat Ridge has a track record as a leading provider of SBA loans. Find out how this Colorado entrepreneur received an SBA loan from them. This growing company received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Firstbank Of Wheat Ridge, out of Wheat Ridge, Colorado. The loan was granted and they received $90,700 to help grow their Arvada, Colorado business. SBA Loan Borrower COMPANY TYPE: COMMERCIAL PRINTING SBA Loan Lender FIRSTBANK OF WHEAT RIDGE This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 323119 - Commercial Printing Loan Approval Date 1/5/2005 Loan Approval Gross Amount $90,700 Loan Approval from the SBA Of the total $90,700 loan amount, the SBA guaranteed $77,095. 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 10 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money to hire new 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. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: SBA 7A Lenders in Wheat Ridge, Colorado
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