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May 4, 2024 |
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| Home > Small Business Lenders by State > Idaho Business Loan Sources > Boise, Business Loans > Bank Of The Cascades Boise Business Loans > Gift, Novelty, And Souvenir Stores Loan | ||||
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Tips for Small Businesses On Getting a Loan
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Gift, Novelty, and Souvenir Stores Business LoansLooking for business loans for gift, novelty, and souvenir stores? Talk to a banker who works with the SBA. This $55,000 gift, novelty, and souvenir stores loan was issued by an Idaho bank. This business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Bank Of The Cascades, out of Boise, Idaho. The loan was granted and they received $55,000 to help grow their Nampa, Idaho business. SBA Loan Borrower COMPANY TYPE: GIFT, NOVELTY, AND SOUVENIR STORES SBA Loan Lender BANK OF THE CASCADES This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 453220 - Gift, Novelty, and Souvenir Stores Loan Approval Date 10/7/2004 Loan Approval Gross Amount $55,000 Loan Approval from the SBA Of the total $55,000 loan amount, the SBA guaranteed $46,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. The loan application did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan If you are raising money in Nampa ID, you ought to talk with a local Nampa SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Nampa businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Bank Of The Cascades had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Bank Of The Cascades 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: SBA 7A Lenders in Boise, Idaho Where to Get an SBA Loan Idaho
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