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March 28, 2024  
 
 
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SBA Lenders in Colorado

 

 
Loan Census SBA Loan Info

Borrowing Money for Support Activities for Animal Production

Looking for small business loans for support activities for animal production? Talk to a banker who works with the SBA. This $70,000 support activities for animal production loan was issued by a Colorado bank.

This company received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Farmers State Bank, out of Calhan, Colorado. The loan was granted and they received $70,000 to help grow their Colorado Springs, Colorado business.

SBA Loan Borrower

COMPANY TYPE: SUPPORT ACTIVITIES FOR ANIMAL PRODUCTION
COLORADO SPRINGS, CO 80908

SBA Loan Lender

FARMERS STATE BANK
458 COLORADO AVE
CALHAN, CO 80808

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

115210 - Support Activities for Animal Production

Loan Approval Date

2/2/2004

Loan Approval Gross Amount

$70,000

Loan Approval from the SBA

Of the total $70,000 loan amount, the SBA guaranteed $59,500.

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 only one employee. The loan application did not indicate that the business planned to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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

SBA 7A Banks for Calhan, Colorado Loans

Colorado SBA Bank Lenders