Company Gets an Idaho Bank Loan

Would an Idaho SBA loan help your business get to the next level? If so, you may want to talk with this Idaho bank, which offers SBA loans to Idaho entrepreneurs.

By giving the right information to Sterling Savings Bank, this Smelterville, Idaho business was able to get an SBA loan. To get this loan, the applying company gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back.

SBA Loan Borrower

COMPANY TYPE: GENERAL LONG-DISTANCE, LESS-THAN-ONE-TRUCKLOAD FREIGHT TRUCKING
SMELTERVILLE, ID 83868

SBA Loan Lender

STERLING SAVINGS BANK
1233 NORTHWOOD CENTER CT
COEUR D'ALENE, ID 83814

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

484122 - General Long-Distance, Less-Than-One-Truckload Freight Trucking

Loan Approval Date

10/17/2003

Loan Approval Gross Amount

$65,200

Loan Approval from the SBA

Of the total $65,200 loan amount, the SBA guaranteed $55,420.

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 2 employees. The SBA loan documents did not indicate that the company promised to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need business start up money in Smelterville ID, you ought to talk with a local Smelterville SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Smelterville businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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.

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