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April 26, 2024 |
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| Home > Small Business Lenders by State > Idaho Business Loan Sources > Sacramento, Business Loans > Comerica Bank Sacramento Business Loans > Crushed And Broken Stone Mining And Quarrying Loan | ||||
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Small Business Banks for Small Businesses in Idaho
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Local Business Gets an Idaho Business LoanBusiness loans in Idaho are tough to come by these days. We take a look at one Idaho business loan, provided by a California bank, that was approved by the SBA. Getting a small business loan in Orofino, Idaho was a top priority for this SBA-financed company back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Comerica Bank. Here are the details on this Idaho small business loan. SBA Loan Borrower COMPANY TYPE: CRUSHED AND BROKEN STONE MINING AND QUARRYING SBA Loan Lender COMERICA BANK This SBA loan was issued under the SBA's Certified Lenders Program (CLP), which means that this bank has a successful SBA lending background and a deep knowledge SBA policies and procedures. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 212319 - Crushed and Broken Stone Mining and Quarrying Loan Approval Date 7/25/2002 Loan Approval Gross Amount $600,000 Loan Approval from the SBA Of the total $600,000 loan amount, the SBA guaranteed $450,000. 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 13 employees. The SBA loan documents did not indicate that the business promised to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Comerica Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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 Approved Banks in Sacramento, California
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