Business Loan from Panhandle State Bank Given to Cable And Program Distribution Company

An SBA loan from Panhandle State Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Hope, Idaho business owner got a $262,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Hope, Idaho was able to borrow $262,000 from Panhandle State Bank. The SBA made the loan possible by guaranteeing $196,500 of this Idaho small business loan.

SBA Loan Borrower

COMPANY TYPE: CABLE AND PROGRAM DISTRIBUTION
HOPE, ID 83836

SBA Loan Lender

PANHANDLE STATE BANK
110 MAIN ST
SANDPOINT, ID 83864

This SBA small business loan was issued under the SBA's Certified Lenders Program (CLP), which means that this bank has a successful SBA lending track record and a thorough understanding of SBA policies and procedures.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

513220 - Cable and Program Distribution

Loan Approval Date

7/9/2002

Loan Approval Gross Amount

$262,000

Loan Approval from the SBA

Of the total $262,000 loan amount, the SBA guaranteed $196,500.

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 2 employees. The SBA loan documents did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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.

This SBA loan was for $262,000. How would you spend $262,000 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.

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