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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 > Heating Equipment Manufacturing Loan | ||||
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Colorado Small Business Funding
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Business Loans for Heating Equipment ManufacturingLooking for business loans for heating equipment manufacturing? Talk to a banker who works with the SBA. This $100,000 heating equipment manufacturing loan was issued by an Utah bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Evergreen, Colorado was able to borrow $100,000 from Bank Of The West. The SBA made the loan possible by guaranteeing $85,000 of this Colorado small business loan. SBA Loan Borrower COMPANY TYPE: HEATING EQUIPMENT MANUFACTURING SBA Loan Lender BANK OF THE WEST This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 333414 - Heating Equipment Manufacturing Loan Approval Date 12/30/2002 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $85,000. 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 3 employees. The SBA loan application for the borrower did not indicate that the business promised to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. We can help you find the best banks for small businesses in Evergreen or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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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