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May 3, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Salt Lake City, Business Loans > Bank Of The West Salt Lake City Business Loans > Local Messengers And Local Delivery Loan | ||||
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What Does It Take to Get a Business Loan in Denver, Colorado?
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Local Messengers and Local Delivery LoansLooking for loans for local messengers and local delivery? Talk to a banker who works with the SBA. This $31,800 local messengers and local delivery loan was issued by an Utah bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Denver, Colorado was able to borrow $31,800 from Bank Of The West. The SBA made the loan possible by guaranteeing $27,030 of this Colorado small business loan. SBA Loan Borrower COMPANY TYPE: LOCAL MESSENGERS AND LOCAL DELIVERY SBA Loan Lender BANK OF THE WEST This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 492210 - Local Messengers and Local Delivery Loan Approval Date 6/25/2002 Loan Approval Gross Amount $31,800 Loan Approval from the SBA Of the total $31,800 loan amount, the SBA guaranteed $27,030. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. 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 Bank Of The West 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: Good Banks for Small Business in Salt Lake City, Utah
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