Idaho Small Business Loan Issued to Recreational Goods Rental Company

Searching for an Idaho SBA loan? This Idaho entrepreneur got an SBA loan, provided by an Idaho bank that works with the SBA to help small business owners.

Getting a small business loan in Nampa, Idaho was a top priority for this particular business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Bank Of The Cascades. Here are the details on this Idaho small business loan.

SBA Loan Borrower

COMPANY TYPE: RECREATIONAL GOODS RENTAL
NAMPA, ID 83687

SBA Loan Lender

BANK OF THE CASCADES
112 2ND ST SOUTH
NAMPA, ID 83651

This lender issued this particular SBA 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

532292 - Recreational Goods Rental

Loan Approval Date

3/5/2003

Loan Approval Gross Amount

$30,000

Loan Approval from the SBA

Of the total $30,000 loan amount, the SBA guaranteed $25,500.

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 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.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Bank Of The Cascades and they will explain how you can get an SBA loan for your company.

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:

Business Credit Evaluation

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