Home State Bank SBA Loan to No Industry Type Specified Company
Looking to get a Colorado SBA loan? Here's one Colorado business loan that was approved by the SBA.
This small business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Home State Bank, out of Fort Collins, Colorado. The loan was granted and they received $1,070,000 to help grow their Ft Collins, Colorado business.
SBA Loan Borrower
COMPANY TYPE: NO INDUSTRY TYPE SPECIFIED
FT COLLINS, CO 80524
SBA Loan Lender
HOME STATE BANK
303 E MOUNTAIN AVE
FORT COLLINS, CO 80524
This lender issued this 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 began in 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.
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $1,070,000 loan amount, the SBA guaranteed $802,500.
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 47 employees. The loan application did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
If you are interested in getting money to start a business or already have a business and need money to expand, an SBA loan can be a great source of funding.
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.
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