Loan Census Banking News and Information
May 22, 2024  
 
 
  Business Loan Information  
 

Business Loans for Montrose Businesses

 

 
Loan Census SBA Loan Info

Sports and Recreation Instruction Commercial Loans

Looking for commercial loans for sports and recreation instruction? Talk to a banker who works with the SBA. This $100,000 sports and recreation instruction loan was issued by a Colorado bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Montrose, Colorado was able to borrow $100,000 from Alpine Bank. The SBA made the loan possible by guaranteeing $85,000 of this Colorado small business loan.

SBA Loan Borrower

COMPANY TYPE: SPORTS AND RECREATION INSTRUCTION
MONTROSE, CO 81401

SBA Loan Lender

ALPINE BANK
2770 ALPINE DR
MONTROSE, CO 81401

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

611620 - Sports and Recreation Instruction

Loan Approval Date

8/11/2003

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 an existing business. This loan was not for a franchise. At the time of the loan, the company had 12 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need business start up money in Montrose CO, you ought to talk with a local Montrose SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Montrose businesses.

We can help you find the best banks for small businesses in Montrose 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:

Debt Financing

Who Lends Money to Small Businesses in Montrose, Colorado

Colorado SBA 7A Banks