Financing for Nonscheduled Chartered Freight Air Transportation

With these loans for nonscheduled chartered freight air transportation, the SBA guarantees the lender that the loan will be repaid. This nonscheduled chartered freight air transportation loan for $100,000 was given to a Colorado entrepreneur in 2005.

This small firm knew how to go about getting a business bank loan. Based in Colorado Springs, Colorado, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Colorado National Bank, based in Colorado Springs, Colorado.

SBA Loan Borrower

COMPANY TYPE: NONSCHEDULED CHARTERED FREIGHT AIR TRANSPORTATION
COLORADO SPRINGS, CO 80907

SBA Loan Lender

COLORADO NATIONAL BANK
3110 N NEVADA AVE
COLORADO SPRINGS, CO 80907

This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with borrowing money. The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

481212 - Nonscheduled Chartered Freight Air Transportation

Loan Approval Date

6/6/2005

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

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 20 employees. The SBA loan documents did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Colorado National Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

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Small Business Banks in Colorado Springs, Colorado

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