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April 19, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Golden, Business Loans > Cit Small Business Lending Corp Golden Business Loans > Construction Machinery And Equipment Loan | ||||
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I Need a Small Business Loan in Denver, Colorado
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Where to Get Capital for Construction Machinery ManufacturingWith these small business loans for construction machinery manufacturing, the SBA guarantees the lender that the loan will be repaid. This construction machinery manufacturing loan for $915,000 was given to a Colorado entrepreneur in 2001. Getting a small business loan in Denver, Colorado was important for this company back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Cit Small Business Lending Corp, operating out of Golden, Colorado. Here are the details on this Colorado small business loan. SBA Loan Borrower COMPANY TYPE: CONSTRUCTION MACHINERY AND EQUIPMENT SBA Loan Lender CIT SMALL BUSINESS LENDING CORP This lender issued this SBA small business loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3531 - Construction Machinery and Equipment NAICS Code 333120 - Construction Machinery Manufacturing Loan Approval Date 1/2/2001 Loan Approval Gross Amount $915,000 Loan Approval from the SBA Of the total $915,000 loan amount, the SBA guaranteed $686,250. 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 7 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. This SBA loan was for $915,000. How would you spend $915,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Small Bank Loans in Golden, Colorado
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