Borrowing Money for Engineering Services

Looking for small business loans for engineering services? Talk to a banker who works with the SBA. This $45,000 engineering services loan was issued by an Idaho bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Sandpoint, Idaho was able to borrow $45,000 from Mountain West Bank. The SBA made the loan possible by guaranteeing $38,250 of this Idaho small business loan.

SBA Loan Borrower

COMPANY TYPE: ENGINEERING SERVICES
SANDPOINT, ID 83864

SBA Loan Lender

MOUNTAIN WEST BANK
125 IRONWOOD DR
COEUR D'ALENE, ID 83814

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541330 - Engineering Services

Loan Approval Date

10/6/2004

Loan Approval Gross Amount

$45,000

Loan Approval from the SBA

Of the total $45,000 loan amount, the SBA guaranteed $38,250.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 4 employees. This SBA loan request indicated that the loan would help generate 5 new jobs and retain 4 existing jobs.

Next Steps for Getting an SBA Loan

If you are raising money in Sandpoint ID, you ought to talk with a local Sandpoint SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Sandpoint businesses.

We can help you find the best banks for small businesses in Sandpoint or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Family and Friend Investors - Your First Financiers

SBA 7A Lenders in Coeur D'Alene, Idaho

Idaho SBA Bank Lenders