Wrecking and Demolition Contractors Commercial Loans

With these commercial loans for wrecking and demolition contractors, the SBA guarantees the lender that the loan will be repaid. This wrecking and demolition contractors loan for $52,000 was given to an Idaho entrepreneur in 2001.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Boise, Idaho was able to borrow $52,000 from Idaho Banking Company. The SBA made the loan possible by guaranteeing $44,200 of this Idaho small business loan.

SBA Loan Borrower

COMPANY TYPE: AUTOMOTIVE SERVICES
BOISE, ID 83713

SBA Loan Lender

IDAHO BANKING COMPANY
402 S EAGLE RD
EAGLE, ID 83616

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.

SIC Code

7549 - Automotive Services

NAICS Code

235940 - Wrecking and Demolition Contractors

Loan Approval Date

3/1/2001

Loan Approval Gross Amount

$52,000

Loan Approval from the SBA

Of the total $52,000 loan amount, the SBA guaranteed $44,200.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to find money to start a business or already have a business and need money to expand, an SBA loan can be a great source of funding.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Idaho Banking Company that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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Small Business Banks in Eagle, Idaho

Idaho SBA 7A Banks