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April 28, 2024 |
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| Home > Small Business Lenders by State > Idaho Business Loan Sources > Coeur D'Alene, Business Loans > Bankcda Coeur D'Alene Business Loans > Rose Terrace Cottages Loan | ||||
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Where to Get a Small Business Loan to Purchase a Franchise
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Idaho Entrepreneur Secures Financing to Buy Beehive Development Of Wyoming FranchiseBorrowing money to buy a Beehive Development Of Wyoming franchise? Bankcda has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Coeur D'Alene, Idaho needed money to invest in a Beehive Development Of Wyoming franchise back in 2006. Bankcda issued an SBA franchise loan. Here are the details on this Idaho small business loan. SBA Loan Borrower ROSE TERRACE COTTAGES SBA Loan Lender BANKCDA This SBA loan was financed by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a thorough analysis of the loan application and, in return, SBA provides a fast loan decision. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8051 - Skilled Nursing Care Facilities NAICS Code 623311 - Continuing Care Retirement Communities Loan Approval Date 2/23/2006 Loan Approval Gross Amount $1,400,000 Loan Approval from the SBA Of the total $1,400,000 loan amount, the SBA guaranteed $1,050,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Beehive Development Of Wyoming franchise. At the time of the loan, the company had 30 employees. This SBA loan request did not indicate that the business planned to use the funding to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Bankcda 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. Related Links: Role of Business Plan When Raising Money Small Bank Loans in Coeur D'Alene, Idaho
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