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April 24, 2024 |
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| Home > Small Business Lenders by State > Colorado Business Loan Sources > Telluride, Business Loans > Alpine Bank Telluride Business Loans > Vitreous China, Fine Earthenware, And Pottery Manufacturing Loan | ||||
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Alpine Bank
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Business Loan from Alpine Bank Given to Vitreous China, Fine Earthenware, And Pottery Manufacturing CompanyAlpine Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Colorado entrepreneur who tapped into the power of SBA loans. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Telluride, 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: VITREOUS CHINA, FINE EARTHENWARE, AND POTTERY MANUFACTURING SBA Loan Lender ALPINE BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 327112 - Vitreous China, Fine Earthenware, and Pottery Manufacturing Loan Approval Date 4/1/2004 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 a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the company planned to use the money to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. 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. Related Links: Dealing With Venture Capitalists SBA 7A Banks in Telluride, Colorado Getting a Business Loan in Colorado
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