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May 7, 2024 |
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| Home > Small Business Lenders by State > Idaho Business Loan Sources > Sandpoint, Business Loans > Panhandle State Bank Sandpoint Business Loans > Furniture Stores Loan | ||||
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Panhandle State Bank
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SBA Loan from Panhandle State Bank Helps Furniture Stores CompanyAn SBA loan from Panhandle State Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Coeur D Alene, Idaho business owner got a $30,000 loan. Getting a small business loan in Coeur D Alene, Idaho was an essential business goal for this company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Panhandle State Bank, operating out of Sandpoint, Idaho. Here are the details on this Idaho small business loan. SBA Loan Borrower COMPANY TYPE: FURNITURE STORES SBA Loan Lender PANHANDLE STATE BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 442110 - Furniture Stores Loan Approval Date 11/1/2007 Loan Approval Gross Amount $30,000 Loan Approval from the SBA Of the total $30,000 loan amount, the SBA guaranteed $25,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the company promised to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $30,000 loan. Remember, if it to be, it is up to me! 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: SBA Approved Banks in Sandpoint, Idaho
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