Loan Census Banking News and Information
May 6, 2024  
 
 
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Nampa, Idaho Bank for SBA Loans

 

 
Loan Census SBA Loan Info

Washington Trust Bank Gives Business Loan to Snack And Nonalcoholic Beverage Bars Company

Bank loans in Idaho are hard to find these days. We take a look at one Idaho bank loan, provided by an Idaho bank, that was approved by the SBA.

You can learn something about getting a small business loan in Nampa, Idaho by studying this loan to a local company, made back in 2001. Banks like Washington Trust Bank may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

COMPANY TYPE: SNACK AND NONALCOHOLIC BEVERAGE BARS
NAMPA, ID 83687

SBA Loan Lender

WASHINGTON TRUST BANK
901 W BANNOCK AVE
BOISE, ID 83702

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

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

9/13/2001

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

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 4 employees. The loan application did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees.

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

Every year, the SBA guarantees over $10 billion for loans just like this one.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

Equity Financing

Small Business Banks in Boise, Idaho

Idaho SBA 7A Lenders