Loan Census Banking News and Information
January 19, 2020  
 
 
  Business Loan Information  
 

Business Loan Sandpoint, Idaho

 
Loan Census SBA Loan Info

Looking for a Sandpoint, Idaho small business loan? We were annoyed by how hard it was to find city-specific small business lenders so we created this page just for you.

We wrote this article for small business owners in Sandpoint, Idaho who are interested in getting a small business loan.

Local Sandpoint Business Loan Sources

To help you learn more about local small business lenders, here's our list of small business banks in Sandpoint.

Small Business Bank Recent SBA Loans
Bank Of America  
Intermountain Commun Bancorp 1
Mountain West Bank 1
Panhandle State Bank 252
U S Bank - Branch Offices- Sandpoint- Sandpoint Office  
U.S. Bank National Association 1
Wells Fargo Bank 1
Wells Fargo Home Mortgage  

Lenders for Sandpoint Businesses

This is a list of banks outside of Sandpoint, Idaho that have provided SBA loans to Sandpoint businesses. Some of these may be national banks with local branch locations.

Small Business Bank Recent SBA Loans
Americanwest Bank
Hayden, ID
1
Bank Of America
Charlotte, NC
5
Bankcda
Coeur D'alene, ID
1
Business Loan Center, LLC
Washington, DC
1
Capital One
Mclean, VA
5
Cit Small Business Lending Corp
Livingston, NJ
3
Community Bank, Inc.
Ronan, MT
1
Mountain West Bank
Coeur D'alene, ID
25
Pacific International Bank
Seattle, WA
1
Panhandle State Bank
Ponderay, ID
1
U.S. Bank National Association
Cincinnati, OH
2
Wells Fargo Bank
San Jose, CA
4
Wells Fargo Bank
Sioux Falls, SD
1

Tips for Getting a Business Loan in Sandpoint

Before meeting with banks to discuss getting a bank loan, you will need to have a specific plan.

You need to be able to clearly explain your business, explain how much you want to borrow, walk the banker through the planned use of proceeds, and show your ability to pay the loan back to the bank.

Being able to present a well-written business plan is an important prerequisite. If the loan is to for a going concern, you should also have financial statements covering the last three years. In addition, you should itemize what collateral you have available to secure the loan. Collateral is relevant because banks always want to be prepared for a worst-case scenario in which you cannot repay the loan.

If the business has few assets, you will likely be asked to secure the business with your personal assets, such as the equity in your home. The banks will look at your personal credit report in any case, so hopefully you have good credit history -- you may want to get a copy of your credit history prior to meeting with the banker.

Many of these banks participate in the financial assistance programs available through the SBA. Before you sit down to talk with a small business banker, you may want to do your homework on SBA loans programs to see if you qualify. SBA 7(a) loans, SBA 504 loans and SBA disaster assistance loans may be available to you.

Gaebler.com Advice on Raising Money

Make the effort and learn as much as you can about Raising Money. To get the ball rolling, we recommend you read Attracting Investors.

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