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May 15, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Boston, Business Loans > Lehman Brothers Bank, Fsb Boston Business Loans > Schiffli Machine Embroideries Loan | ||||
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Small Business Banks in Colorado
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Borrowing Money for Schiffli Machine EmbroideryLooking for small business loans for schiffli machine embroidery? The SBA may be the answer. This $209,000 schiffli machine embroidery loan was issued by a Massachusetts bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Arvada, Colorado was able to borrow $209,000 from Lehman Brothers Bank, Fsb. The SBA made the loan possible by guaranteeing $156,750 of this Colorado small business loan. SBA Loan Borrower COMPANY TYPE: SCHIFFLI MACHINE EMBROIDERIES SBA Loan Lender LEHMAN BROTHERS BANK, FSB This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 2397 - Schiffli Machine Embroideries NAICS Code 313222 - Schiffli Machine Embroidery Loan Approval Date 4/10/2000 Loan Approval Gross Amount $209,000 Loan Approval from the SBA Of the total $209,000 loan amount, the SBA guaranteed $156,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 8 employees. This SBA loan request indicated that the loan would help retain 8 existing jobs. Start the Process for Getting an SBA Loan Today! SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. 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: Obtaining Funding From a Venture Capitalist Best Boston, Massachusetts Banks for Small Business
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