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April 25, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Colorado Springs, Business Loans > Bank Of Colorado Colorado Springs Business Loans > Travel Arrangement And Reservation Services Loan | ||||
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Bank Of Colorado SBA 7A Loans
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Borrowing Money for Travel Arrangement and Reservation ServicesWith these loans for travel arrangement and reservation services, the SBA guarantees the lender that the loan will be repaid. This travel arrangement and reservation services loan for $75,000 was given to a Colorado entrepreneur in 2002. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Colorado Springs, Colorado was able to borrow $75,000 from Bank Of Colorado. The SBA made the loan possible by guaranteeing $63,750 of this Colorado small business loan. SBA Loan Borrower COMPANY TYPE: TRAVEL ARRANGEMENT AND RESERVATION SERVICES SBA Loan Lender BANK OF COLORADO This lender issued this particular SBA bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 561599 - Travel Arrangement and Reservation Services Loan Approval Date 2/4/2002 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $63,750. 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 7 employees. The SBA loan application for the borrower did not indicate that the business promised to use the funding to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $75,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Obtaining Funding - Getting Venture Capital Small Bank Loans in Colorado Springs, Colorado
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