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April 20, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Fountain, Business Loans > Colorado Mountain Bank Fountain Business Loans > Coin-Operated Laundries And Drycleaners Loan | ||||
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Fountain Bank Loan
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Fountain, Colorado Bank Gives SBA Loan to Coin-Operated Laundries And Drycleaners CompanyA Fountain, Colorado SBA loan can be yours. Learn how a company got a $376,000 business loan from this Colorado bank. This loan to an entrepreneur is a good example of an SBA loan. Colorado Mountain Bank made the loan and the SBA guaranteed a portion of the loan. Many other Colorado entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: COIN-OPERATED LAUNDRIES AND DRYCLEANERS SBA Loan Lender COLORADO MOUNTAIN BANK This lender issued this SBA bank loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812310 - Coin-Operated Laundries and Drycleaners Loan Approval Date 11/5/2003 Loan Approval Gross Amount $376,000 Loan Approval from the SBA Of the total $376,000 loan amount, the SBA guaranteed $282,000. More Information on This SBA Loan The borrower borrowed this money for an existing 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 only one employee. The SBA loan application for the borrower did not indicate that the company promised to use the funding to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Colorado Mountain Bank and they will explain how you can get an SBA loan for your company. 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: Family and Friend Investors - Your First Financiers SBA 7A Banks in Fountain, Colorado
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