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April 20, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Alamosa, Business Loans > First Southwest Bank Alamosa Business Loans > Plumbing And Heating Equipment And Supplies Wholesalers Loan | ||||
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Raising Money in Pagosa Springs, Colorado With SBA Loans
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Raising Money for Plumbing and Heating Equipment and Supplies WholesalersLooking for business loans for plumbing and heating equipment and supplies wholesalers? Try the SBA. This $454,750 plumbing and heating equipment and supplies wholesalers loan was issued by a Colorado bank. This small business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with First Southwest Bank, out of Alamosa, Colorado. The loan was granted and they received $454,750 to help grow their Pagosa Springs, Colorado business. SBA Loan Borrower COMPANY TYPE: PLUMBING AND HEATING EQUIPMENT AND SUPPLIES WHOLESALERS SBA Loan Lender FIRST SOUTHWEST BANK This lender issued this small business loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 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. NAICS Code 421720 - Plumbing and Heating Equipment and Supplies Wholesalers Loan Approval Date 4/7/2004 Loan Approval Gross Amount $454,750 Loan Approval from the SBA Of the total $454,750 loan amount, the SBA guaranteed $341,063. 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 5 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First Southwest Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First Southwest Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Obtaining Funding - Getting Venture Capital Small Business Banks in Alamosa, Colorado
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