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March 28, 2024  
 
 
  Business Loan Information  
 

Mile High Banks Broomfield

 

 
Loan Census SBA Loan Info

Broomfield, Colorado Business Gets SBA-Guaranteed Funding from Mile High Banks

Mile High Banks is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Colorado entrepreneur who tapped into the power of SBA loans.

This business knew how to go about getting a business bank loan. Based in Broomfield, Colorado, they applied for and received an SBA-guaranteed loan in 2005. The lending bank was Mile High Banks, based in Longmont, Colorado.

SBA Loan Borrower

COMPANY TYPE: NURSERY AND GARDEN CENTERS
BROOMFIELD, CO 80020

SBA Loan Lender

MILE HIGH BANKS
601 S MAIN ST
LONGMONT, CO 80501

This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

444220 - Nursery and Garden Centers

Loan Approval Date

2/23/2005

Loan Approval Gross Amount

$923,812

Loan Approval from the SBA

Of the total $923,812 loan amount, the SBA guaranteed $692,859.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 40 employees. The loan application did not indicate that the business promised to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are interested in getting money to start a business or already have a business and need money to expand, an SBA loan can be a great funding source

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Business Line of Credit

Small Bank Loans in Longmont, Colorado

SBA Lenders in Colorado