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March 29, 2024  
 
 
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The Bank At Broadmoor Business Loans Colorado Springs, Colorado

 

 
Loan Census SBA Loan Info

Business Loan from The Bank At Broadmoor Given to Women's, Misses', And Juniors' Outerwear, N.E.C Company

The Bank At Broadmoor is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Colorado entrepreneur who tapped into the power of SBA loans.

Getting a small business loan in Colorado Springs, Colorado was an essential business goal for this company back in 2001 and, based on their loan application, they were successful in getting an SBA loan from The Bank At Broadmoor, operating out of Colorado Springs, Colorado. Here are the details on this Colorado small business loan.

SBA Loan Borrower

COMPANY TYPE: WOMEN'S, MISSES', AND JUNIORS' OUTERWEAR, N.E.C
COLORADO SPRINGS, CO 80906

SBA Loan Lender

THE BANK AT BROADMOOR
155 LAKE AVE
COLORADO SPRINGS, CO 80906

This lender issued this particular debt financing 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.

SIC Code

2339 - Women's, Misses', and Juniors' Outerwear, N.E.C

NAICS Code

315239 - Women's and Girls' Cut and Sew Outerwear Manufacturing

Loan Approval Date

3/28/2001

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

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 only one employee. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into The Bank At Broadmoor and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Business Incubators

Find an SBA Lender in Colorado Springs, Colorado

SBA Lenders in Colorado