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May 2, 2024 |
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| Home > Small Business Lenders by State > Idaho Business Loan Sources > Cincinnati, Business Loans > U.S. Bank National Association Cincinnati Business Loans > Drywall And Insulation Contractors Loan | ||||
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Requirements for Business Owners On Getting a Loan
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Business Loans for Drywall and Insulation ContractorsWith these business loans for drywall and insulation contractors, the SBA guarantees the lender that the loan will be repaid. This drywall and insulation contractors loan for $10,000 was given to an Idaho entrepreneur in 2006. This business knew how to go about getting a business bank loan. Based in Rigby, Idaho, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was U.S. Bank National Association, based in Cincinnati, Ohio. SBA Loan Borrower COMPANY TYPE: DRYWALL AND INSULATION CONTRACTORS SBA Loan Lender U.S. BANK NATIONAL ASSOCIATION This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 238310 - Drywall and Insulation Contractors Loan Approval Date 10/25/2006 Loan Approval Gross Amount $10,000 Loan Approval from the SBA Of the total $10,000 loan amount, the SBA guaranteed $5,000. 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 5 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 6 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. This SBA loan was for $10,000. How would you spend $10,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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 7A Banks for Cincinnati, Ohio Loans
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