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April 23, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Denver, Business Loans > United Western Bank Denver Business Loans > Commercial Printing Loan | ||||
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Colorado Bank SBA Loans
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United Western Bank SBA Loan to Commercial Printing CompanyWant a Colorado SBA loan? Here's one Colorado business loan that was approved by the SBA. This up and coming company knew how to go about getting a business bank loan. Based in Denver, Colorado, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was United Western Bank, based in Denver, Colorado. SBA Loan Borrower COMPANY TYPE: COMMERCIAL PRINTING SBA Loan Lender UNITED WESTERN BANK This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 2759 - Commercial Printing Loan Approval Date 8/9/2000 Loan Approval Gross Amount $418,000 Loan Approval from the SBA Of the total $418,000 loan amount, the SBA guaranteed $313,500. 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 6 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 6 existing jobs. Next Steps for Getting an SBA Loan If you want money for new small business in Denver CO, you ought to talk with a local Denver SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Denver businesses. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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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