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May 4, 2024 |
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| Home > Small Business Lenders by State > Idaho Business Loan Sources > Sandpoint, Business Loans > Panhandle State Bank Sandpoint Business Loans > Millwork Loan | ||||
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Business Loans for Jerome Business Owners
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Millwork SBA LoansWith these SBA loans for millwork, the SBA guarantees the lender that the loan will be repaid. This millwork loan for $200,000 was given to an Idaho entrepreneur in 2007. This business knew how to go about getting a business bank loan. Based in Jerome, Idaho, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Panhandle State Bank, based in Sandpoint, Idaho. SBA Loan Borrower COMPANY TYPE: MILLWORK SBA Loan Lender PANHANDLE STATE BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 321918 - Millwork Loan Approval Date 3/26/2007 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $100,000. 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 8 employees. This SBA loan request indicated that the loan would help generate 12 new jobs and retain 20 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. We can help you find the best banks for small businesses in Jerome or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Best Banks for Small Business in Sandpoint, Idaho
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