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May 2, 2024 |
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| Home > Small Business Lenders by State > Idaho Business Loan Sources > Coeur D'Alene, Business Loans > Mountain West Bank Coeur D'Alene Business Loans > Support Services Loan | ||||
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Coeur D'Alene, Idaho SBA 7A Banks
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Coeur D'Alene, Idaho Bank Lends Money to Support Services Company in Hayden, IdahoThinking about meeting with a Coeur D'Alene, Idaho bank about an SBA 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 Mountain West Bank worked out well for our friends at one local firm in Hayden, Idaho. They got an SBA loan for $350,000. Great job! SBA Loan Borrower COMPANY TYPE: SUPPORT SERVICES SBA Loan Lender MOUNTAIN WEST BANK This lender provides SBA guaranteed bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 561990 - Support Services Loan Approval Date 2/1/2008 Loan Approval Gross Amount $350,000 Loan Approval from the SBA Of the total $350,000 loan amount, the SBA guaranteed $262,500. 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 240 employees. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 245 existing jobs. Getting an SBA Loan For Your Business SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. This SBA loan was for $350,000. How would you spend $350,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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 7A Banks in Coeur D'Alene, Idaho
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