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May 2, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Milton, Business Loans > First Community Bank Milton Business Loans > Rocky Mountain Chocolate Facto Loan | ||||
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Business Loans for Broomfield Business Owners
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Broomfield, CO Entrepreneur Gets SBA Loan to Buy Rocky Mountain Chocolate Factory FranchiseNeed a loan to buy a Rocky Mountain Chocolate Factory franchise? First Community Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Rocky Mountain Chocolate Factory franchise may simply require a phone call to a local SBA banker. In 2005, First Community Bank issued an SBA franchise loan to an entrepreneur in Broomfield, Colorado. Because Rocky Mountain Chocolate Factory was registered with the SBA's registry of franchises, this Colorado small business loan was issued on an expedited basis. SBA Loan Borrower ROCKY MOUNTAIN CHOCOLATE FACTO SBA Loan Lender FIRST COMMUNITY BANK The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 445292 - Confectionery and Nut Stores Loan Approval Date 1/24/2005 Loan Approval Gross Amount $246,200 Loan Approval from the SBA Of the total $246,200 loan amount, the SBA guaranteed $123,100. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Rocky Mountain Chocolate Factory franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 3 existing jobs. Next Steps for Getting an SBA Loan Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $246,200 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Rocky Mountain Chocolate Factory Small Bank Loans in Milton, Wisconsin
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