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April 19, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Fort Collins, Business Loans > Bank Of Colorado Fort Collins Business Loans > Full-Service Restaurants Loan | ||||
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How Hard Is It to Get a Small Business Loan in Longmont, Colorado?
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Full-Service Restaurants LoansLooking for loans for full-service restaurants? Talk to a banker who works with the SBA. This $400,000 full-service restaurants loan was issued by a Colorado bank. This small firm received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Bank Of Colorado, out of Fort Collins, Colorado. The loan was granted and they received $400,000 to help grow their Longmont, Colorado business. SBA Loan Borrower COMPANY TYPE: FULL-SERVICE RESTAURANTS SBA Loan Lender BANK OF COLORADO The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 10/19/2005 Loan Approval Gross Amount $400,000 Loan Approval from the SBA Of the total $400,000 loan amount, the SBA guaranteed $300,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Family and Friend Investors - Your First Financiers Find an SBA Lender in Fort Collins, Colorado
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