Boise, Idaho Bank Gives SBA Loan to Beer, Wine, And Liquor Stores Company

Find Boise, Idaho banks that specialize in small business loans and know how to work with entrepreneurs. Syringa Bank is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Meridian, Idaho starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from Syringa Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: BEER, WINE, AND LIQUOR STORES
MERIDIAN, ID 83642

SBA Loan Lender

SYRINGA BANK
1299 N ORCHARD ST
BOISE, ID 83706

This lender issued this particular SBA small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445310 - Beer, Wine, and Liquor Stores

Loan Approval Date

2/1/2001

Loan Approval Gross Amount

$40,500

Loan Approval from the SBA

Of the total $40,500 loan amount, the SBA guaranteed $34,425.

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 2 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need business start up money in Meridian ID, you ought to talk with a local Meridian SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Meridian businesses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Syringa Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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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