Entrepreneur Works With Sandpoint, Idaho Bank to Get an SBA Loan

Get to know Sandpoint, Idaho banks that specialize in SBA loans and know how to work with entrepreneurs. Panhandle State Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Hayden, Idaho starts with an understanding of who else has gotten loans in the area. In this case, a small company received funding from Panhandle State Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: METALWORKING MACHINERY MANUFACTURING
HAYDEN, ID 83835

SBA Loan Lender

PANHANDLE STATE BANK
231 N THIRD
SANDPOINT, ID 83864

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

333518 - Metalworking Machinery Manufacturing

Loan Approval Date

12/23/2005

Loan Approval Gross Amount

$115,000

Loan Approval from the SBA

Of the total $115,000 loan amount, the SBA guaranteed $97,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The loan application indicated that the loan would help retain 4 existing jobs.

Getting an SBA Loan For Your Business

If you need business start up money in Hayden ID, you ought to talk with a local Hayden SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Hayden businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Panhandle State Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Panhandle State Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Startup Funding Tip

Where to Get an SBA Loan in Sandpoint, Idaho

Getting an SBA Loan in Idaho