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May 18, 2024 |
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| Home > Small Business Lenders by State > Idaho Business Loan Sources > Boise, Business Loans > Idaho Banking Company Boise Business Loans > Farm And Garden Machinery And Equipment Loan | ||||
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Raising Money in Glenns Ferry, Idaho With SBA Loans
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Farm and Garden Machinery and Equipment Wholesalers Commercial LoansLooking for commercial loans for farm and garden machinery and equipment wholesalers? The SBA may be the answer. This $320,000 farm and garden machinery and equipment wholesalers loan was issued by an Idaho bank. This small business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Idaho Banking Company, out of Boise, Idaho. The loan was granted and they received $320,000 to help grow their Glenns Ferry, Idaho business. SBA Loan Borrower COMPANY TYPE: FARM AND GARDEN MACHINERY AND EQUIPMENT SBA Loan Lender IDAHO BANKING COMPANY The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide business loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5083 - Farm and Garden Machinery and Equipment NAICS Code 421820 - Farm and Garden Machinery and Equipment Wholesalers Loan Approval Date 1/24/2005 Loan Approval Gross Amount $320,000 Loan Approval from the SBA Of the total $320,000 loan amount, the SBA guaranteed $240,000. 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 9 employees. The loan application did not indicate that the company promised to use the money to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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:
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