Raising Money for Water Well Drilling Contractors

Looking for bank loans for water well drilling contractors? The SBA may be the answer. This $400,000 water well drilling contractors loan was issued by a Washington bank.

Getting a small business loan in Hayden, Idaho was important for this company back in 2002 and, based on their loan application, they were successful in getting an SBA loan from State Bank Northwest, operating out of Spokane, Washington. Here are the details on this Idaho small business loan.

SBA Loan Borrower

COMPANY TYPE: WATER WELL DRILLING CONTRACTORS
HAYDEN, ID 83835

SBA Loan Lender

STATE BANK NORTHWEST
12902 E SPRAGE AVE
SPOKANE, WA 99216

This business loan was underwritten by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a complete analysis of the loan application and, in return, SBA provides a rapid loan approval or denial response.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

235810 - Water Well Drilling Contractors

Loan Approval Date

3/28/2002

Loan Approval Gross Amount

$400,000

Loan Approval from the SBA

Of the total $400,000 loan amount, the SBA guaranteed $300,000.

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 4 employees. The loan application did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like State Bank Northwest are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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.

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