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May 18, 2024 |
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| Home > Small Business Lenders by State > Idaho Business Loan Sources > Twin Falls, Business Loans > First Fed. Savings Bank - Twin F Twin Falls Business Loans > General Automotive Repair Loan | ||||
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Almo, Idaho Bank Loan
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Idaho SBA Loan Issued to General Automotive Repair CompanyWould an Idaho SBA loan help your business get to the next level? If so, you may want to talk with this Idaho bank, which offers SBA loans to Idaho entrepreneurs. You can learn something about getting a small business loan in Almo, Idaho by studying this loan to a local business, made back in 2004. Banks like First Fed. Savings Bank - Twin F may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR SBA Loan Lender FIRST FED. SAVINGS BANK - TWIN F This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with getting a loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811111 - General Automotive Repair Loan Approval Date 9/3/2004 Loan Approval Gross Amount $48,800 Loan Approval from the SBA Of the total $48,800 loan amount, the SBA guaranteed $41,480. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like First Fed. Savings Bank - Twin F and they will explain how you can get an SBA loan for your company. 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: Small Business Banks in Twin Falls, Idaho
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