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May 4, 2024 |
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| Home > Small Business Lenders by State > Idaho Business Loan Sources > Pocatello, Business Loans > Citizens Community Bank Pocatello Business Loans > Personal Services Loan | ||||
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Pocatello, Idaho Bank for SBA Loans
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Entrepreneur Works With Pocatello, Idaho Bank to Get an SBA LoanWant to talk with a Pocatello, Idaho bank about an SBA loan? Here's one Idaho business loan, issued by a Pocatello bank, that was approved by the SBA. Applying for an SBA loan with Citizens Community Bank worked out well for our friends at one local company in Pocatello, Idaho. The business was able to get an SBA loan for $14,400. Great job! SBA Loan Borrower COMPANY TYPE: PERSONAL SERVICES SBA Loan Lender CITIZENS COMMUNITY BANK This was a Low Documentation SBA loan. The SBA created this program to reduce the paperwork associated with getting a loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812990 - Personal Services Loan Approval Date 10/10/2003 Loan Approval Gross Amount $14,400 Loan Approval from the SBA Of the total $14,400 loan amount, the SBA guaranteed $12,240. 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 only one employee. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $14,400 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Where to Get an SBA Loan in Pocatello, Idaho Browse All Business Loan Sources for Idaho
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