Loan Census Banking News and Information
March 29, 2024  
 
 
  Business Loan Information  
 

Wells Fargo Bank Fort Lupton (lupton)

 

 
Loan Census SBA Loan Info

SBA Loan from Wells Fargo Bank Helps No Industry Type Specified Company

Wells Fargo Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how a Colorado entrepreneur was able to get a loan to take a small business to the next level.

This small firm knew how to go about getting a business bank loan. Based in Fort Lupton (lupton), Colorado, they applied for and received an SBA-guaranteed loan in 2003. The lending bank was Wells Fargo Bank, based in Denver, Colorado.

SBA Loan Borrower

COMPANY TYPE: NO INDUSTRY TYPE SPECIFIED
FORT LUPTON (LUPTON), CO 80601

SBA Loan Lender

WELLS FARGO BANK
1740 BROADWAY
DENVER, CO 80290

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

421330 -

Loan Approval Date

11/10/2003

Loan Approval Gross Amount

$30,000

Loan Approval from the SBA

Of the total $30,000 loan amount, the SBA guaranteed $15,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 2 employees. The loan application indicated that the loan would help retain 2 existing jobs.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Wells Fargo Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Business Cash Advances

SBA Banks in Denver, Colorado

Colorado SBA 7A Lenders