Loan Census Banking News and Information
March 28, 2024  
 
 
  Business Loan Information  
 

Who Lends Money to Calhan Small Business Owners

 

 
Loan Census SBA Loan Info

Calhan, Colorado Entrepreneur Gets a Small Business Loan

ColoradoBusiness loans are available to Colorado business owners through the SBA. In this case, a Colorado bank provides the loan.

Getting a small business loan in Calhan, Colorado was a top priority for this SBA-financed company back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Farmers State Bank. Here are the details on this Colorado small business loan.

SBA Loan Borrower

COMPANY TYPE: DURABLE GOODS MERCHANT WHOLESALERS
CALHAN, CO 80808

SBA Loan Lender

FARMERS STATE BANK
7025 MERIDIAN RD
FALCON, CO 80831

This commercial 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

423990 - Durable Goods Merchant Wholesalers

Loan Approval Date

8/22/2005

Loan Approval Gross Amount

$315,000

Loan Approval from the SBA

Of the total $315,000 loan amount, the SBA guaranteed $236,250.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are working on finding money to start a business in Calhan CO, you ought to talk with a local Calhan SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Calhan businesses.

This SBA loan was for $315,000. How would you spend $315,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Financing Your Business

Where to Get an SBA Loan in Falcon, Colorado

SBA Colorado Lenders