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April 19, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Greenwood Village, Business Loans > Community Banks Of Colorado Greenwood Village Business Loans > Commercial Photography Loan | ||||
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Raising Money in Boulder, Colorado With SBA Loans
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Commercial Photography Small Business LoansLooking for small business loans for commercial photography? The SBA may be the answer. This $64,331 commercial photography loan was issued by a Colorado bank. This small firm knew how to go about getting a business bank loan. Based in Boulder, Colorado, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Community Banks Of Colorado, based in Greenwood Village, Colorado. SBA Loan Borrower COMPANY TYPE: COMMERCIAL PHOTOGRAPHY SBA Loan Lender COMMUNITY BANKS OF COLORADO This was a Low Documentation SBA loan. The SBA created this program to limit the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 541922 - Commercial Photography Loan Approval Date 7/14/2003 Loan Approval Gross Amount $64,331 Loan Approval from the SBA Of the total $64,331 loan amount, the SBA guaranteed $54,681. 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 only one employee. The loan application did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great source of funding. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Community Banks Of Colorado and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Where to Get an SBA Loan in Greenwood Village, Colorado
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