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April 24, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Fort Morgan, Business Loans > Farmers St. Bank - Ft Morgan Col Fort Morgan Business Loans > Service Establishment Equipment And Supplies Loan | ||||
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Fort Morgan, Colorado SBA Lenders
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Fort Morgan, Colorado Bank Lends Money to Service Establishment Equipment And Supplies Company in Denver, ColoradoGet small business loans from a Fort Morgan, Colorado bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too. Farmers St. Bank - Ft Morgan Col is a Fort Morgan, Colorado small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Colorado company. SBA Loan Borrower COMPANY TYPE: SERVICE ESTABLISHMENT EQUIPMENT AND SUPPLIES SBA Loan Lender FARMERS ST. BANK - FT MORGAN COL This lender issued this particular small business 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. SIC Code 5087 - Service Establishment Equipment and Supplies NAICS Code 421990 - Durable Goods Wholesalers Loan Approval Date 11/20/2000 Loan Approval Gross Amount $84,000 Loan Approval from the SBA Of the total $84,000 loan amount, the SBA guaranteed $67,200. More Information on This SBA Loan The borrower borrowed this money for an existing 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 documents did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My 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. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: SBA 7A Lenders in Fort Morgan, Colorado
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