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April 16, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Colorado Springs, Business Loans > Legacy Bank Colorado Springs Business Loans > Retail Bakeries Loan | ||||
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Colorado Springs, Colorado SBA Lenders
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Colorado Springs, Colorado Lender Lends Money to Retail Bakeries CompanyThinking about meeting with a Colorado Springs, Colorado bank about a business loan? Here's one Colorado business loan, issued by a Colorado Springs bank, that was approved by the SBA. Applying for an SBA loan with Legacy Bank worked out well for our friends at one local firm in Colorado Springs, Colorado. The business was able to get an SBA loan for $126,500. Awesome! SBA Loan Borrower COMPANY TYPE: RETAIL BAKERIES SBA Loan Lender LEGACY BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5461 - Retail Bakeries NAICS Code 722320 - Caterers Loan Approval Date 10/31/2000 Loan Approval Gross Amount $126,500 Loan Approval from the SBA Of the total $126,500 loan amount, the SBA guaranteed $94,875. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 8 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. 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: SBA 7A Lenders in Colorado Springs, Colorado
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