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May 5, 2024 |
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| Home > Small Business Lenders by State > Idaho Business Loan Sources > Boise, Business Loans > Idaho Banking Company Boise Business Loans > Jewelry Stores Loan | ||||
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Boise, Idaho SBA 7A Banks
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Boise, Idaho Lender Lends Money to Jewelry Stores CompanyThinking about meeting with a Boise, Idaho bank about an SBA loan? Here's one Idaho business loan, issued by a Boise bank, that was approved by the SBA. Applying for an SBA loan with Idaho Banking Company worked out well for our friends at one local company in Kuna, Idaho. The business was able to get an SBA loan for $48,000. Sweet! SBA Loan Borrower COMPANY TYPE: JEWELRY STORES SBA Loan Lender IDAHO BANKING COMPANY This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 448310 - Jewelry Stores Loan Approval Date 10/20/2004 Loan Approval Gross Amount $48,000 Loan Approval from the SBA Of the total $48,000 loan amount, the SBA guaranteed $40,800. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan 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. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Idaho Banking Company had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Idaho Banking Company 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: Role of Business Plan When Raising Money SBA 7A Banks for Boise, Idaho Loans
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