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May 4, 2024 |
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| Home > Small Business Lenders by State > Idaho Business Loan Sources > Coeur D'Alene, Business Loans > Panhandle State Bank Coeur D'Alene Business Loans > Petroleum And Petroleum Products Merchant Wholesalers Loan | ||||
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Banks Doing SBA Loans in Idaho
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Coeur D'Alene, Idaho Lender Lends Money to Petroleum And Petroleum Products Merchant Wholesalers CompanyThinking about meeting with a Coeur D'Alene, Idaho bank about a business loan? Here's one Idaho business loan, issued by a Coeur D'Alene bank, that was approved by the SBA. Applying for an SBA loan with Panhandle State Bank worked out well for our friends at one local firm in Gooding, Idaho. The business was able to get an SBA loan for $775,000. Sweet! SBA Loan Borrower COMPANY TYPE: PETROLEUM AND PETROLEUM PRODUCTS MERCHANT WHOLESALERS SBA Loan Lender PANHANDLE STATE BANK The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide small business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 424720 - Petroleum and Petroleum Products Merchant Wholesalers Loan Approval Date 6/22/2006 Loan Approval Gross Amount $775,000 Loan Approval from the SBA Of the total $775,000 loan amount, the SBA guaranteed $581,250. 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 6 employees. The SBA loan documents did not indicate that the small business promised 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? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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: Role of Business Plan When Raising Money Find an SBA Lender in Coeur D'Alene, Idaho
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