The Colorado Bank and Trust Company of La Junta
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by The Colorado Bank and Trust Company of La Junta · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 332722 | Bolt, Nut, Screw, Rivet, and Washer Manufacturing | 2 | $1.0M | $515K | 14.3% |
| 541370 | Surveying and Mapping (except Geophysical) Services | 1 | $87K | $87K | 7.1% |
| 561440 | Collection Agencies | 1 | $46K | $46K | 7.1% |
| 541512 | Computer Systems Design Services | 1 | $100K | $100K | 7.1% |
| 238310 | Drywall and Insulation Contractors | 1 | $400K | $400K | 7.1% |
| 713930 | Marinas | 1 | $155K | $155K | 7.1% |
| 441110 | New Car Dealers | 1 | $570K | $570K | 7.1% |
| 811111 | General Automotive Repair | 1 | $25K | $25K | 7.1% |
Geographic Distribution
SBA lending activity for The Colorado Bank and Trust Company of La Junta by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Colorado (CO) | 14 | $3.8M | 100.0% |
Why Choose The Colorado Bank and Trust Company of La Junta?
Based on SBA 7(a) lending track record from 1992-2011
- ✓Proven Track Record: 14 SBA loans approved, totaling $3.8M in financing
- ✓Industry Expertise: Specialized focus on Bolt, Nut, Screw, Rivet, and Washer Manufacturing, Surveying and Mapping (except Geophysical) Services, Collection Agencies
- ✓Competitive Terms: Average interest rate of 6.00% with flexible term lengths averaging 95 months
- ✓Loan Range: Loan sizes from $24K to $720K, with an average of $274K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in CO
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about The Colorado Bank and Trust Company of La Junta SBA lending
What types of businesses does The Colorado Bank and Trust Company of La Junta typically finance?
The Colorado Bank and Trust Company of La Junta specializes in SBA 7(a) lending to specific industries including bolt, nut, screw, rivet, and washer manufacturing, surveying and mapping (except geophysical) services, collection agencies, computer systems design services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are The Colorado Bank and Trust Company of La Junta's typical SBA loan terms?
The Colorado Bank and Trust Company of La Junta's SBA 7(a) loans typically feature an average interest rate of 6.00% and average term length of 95 months (approximately 8 years). Loan sizes range from $24K to $720K, with an average loan size of $274K.
Do I need a business valuation for a The Colorado Bank and Trust Company of La Junta SBA loan?
Yes, The Colorado Bank and Trust Company of La Junta typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does The Colorado Bank and Trust Company of La Junta compare to other SBA lenders?
The Colorado Bank and Trust Company of La Junta has originated 14 SBA loans totaling $3.8M since 1992. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does The Colorado Bank and Trust Company of La Junta lend in?
The Colorado Bank and Trust Company of La Junta provides SBA 7(a) financing with particularly strong presence in CO. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
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Certified valuations are often required for SBA loans over $250,000.
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