Loan Census Banking News and Information
May 18, 2024  
 
 
  Business Loan Information  
 

What Does It Take to Get a Business Loan in Boise, Idaho?

 

 
Loan Census SBA Loan Info

Raising Money for Metal Coating, Engraving and Allied Services

Looking for business loans for metal coating, engraving and allied services? The SBA may be the answer. This $132,000 metal coating, engraving and allied services loan was issued by an Idaho bank.

This small business knew how to go about getting a business bank loan. Based in Boise, Idaho, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Idaho Banking Company, based in Boise, Idaho.

SBA Loan Borrower

COMPANY TYPE: COATING, ENGRAVING, AND ALLIED SERVICES
BOISE, ID 83703

SBA Loan Lender

IDAHO BANKING COMPANY
6010 FAIRVIEW AVE
BOISE, ID 83704

This loan for a small business was underwritten by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a comprehensive analysis of the loan application and, in return, SBA delivers a quick answer on whether the loan qualifies.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3479 - Coating, Engraving, and Allied Services

NAICS Code

332812 - Metal Coating, Engraving and Allied Services

Loan Approval Date

10/19/2001

Loan Approval Gross Amount

$132,000

Loan Approval from the SBA

Of the total $132,000 loan amount, the SBA guaranteed $112,200.

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 3 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

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:

Banking Deregulation's Effects on Entrepreneurship

SBA 7A Banks for Boise, Idaho Loans

SBA Lenders in Idaho