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May 7, 2024 |
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| Home > Small Business Lenders by State > Idaho Business Loan Sources > Coeur D'Alene, Business Loans > Mountain West Bank Coeur D'Alene Business Loans > Piece Goods, Notions, And Dry Goods Merchant Wholesalers Loan | ||||
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We Needed an SBA Loan in Rathdrum, Idaho and We Got One!
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Where to Get Capital for Piece Goods, Notions, and Dry Goods Merchant WholesalersLooking for small business loans for piece goods, notions, and dry goods merchant wholesalers? Talk to a banker who works with the SBA. This $828,000 piece goods, notions, and dry goods merchant wholesalers loan was issued by an Idaho bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Rathdrum, Idaho was able to borrow $828,000 from Mountain West Bank. The SBA made the loan possible by guaranteeing $621,000 of this Idaho small business loan. SBA Loan Borrower COMPANY TYPE: PIECE GOODS, NOTIONS, AND DRY GOODS MERCHANT WHOLESALERS SBA Loan Lender MOUNTAIN WEST BANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 424310 - Piece Goods, Notions, and Dry Goods Merchant Wholesalers Loan Approval Date 9/27/2006 Loan Approval Gross Amount $828,000 Loan Approval from the SBA Of the total $828,000 loan amount, the SBA guaranteed $621,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 12 employees. This SBA loan request indicated that the loan would help retain 12 existing jobs. Great, But How Can I Get an SBA Loan for My 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. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Mountain West 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: Obtaining Funding From a Venture Capitalist SBA 7A Lenders in Coeur D'Alene, Idaho
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