U.S. Bank National Association Gives SBA Loan to Tire Retreading And Repair Shops Company
Looking to get a Colorado small business loan? This Colorado entrepreneur got a small business loan, provided by a Colorado bank that works with the SBA to help small business owners.
Getting a small business loan in Telluride, Colorado was a top priority for this small company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from U.S. Bank National Association. Here are the details on this Colorado small business loan.
SBA Loan Borrower
COMPANY TYPE: TIRE RETREADING AND REPAIR SHOPS
TELLURIDE, CO 81435
SBA Loan Lender
U.S. BANK NATIONAL ASSOCIATION
238 E COLORADO AVE
TELLURIDE, CO 81435
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.
7534 - Tire Retreading and Repair Shops
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $90,500 loan amount, the SBA guaranteed $72,400.
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 6 employees. The loan application did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.
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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