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May 17, 2024 |
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| Home > Small Business Lenders by State > Idaho Business Loan Sources > Twin Falls, Business Loans > First Fed. Savings Bank - Twin F Twin Falls Business Loans > Lawn And Garden Services Loan | ||||
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First Fed. Savings Bank - Twin F
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SBA Loan from First Fed. Savings Bank - Twin F Helps Lawn And Garden Services CompanyFirst Fed. Savings Bank - Twin F and the SBA work together to get business loans for growing small businesses. Here's an example of how an Idaho entrepreneur was able to get a loan to take a small business to the next level. This business knew how to go about getting a business bank loan. Based in Twin Falls, Idaho, they applied for and received an SBA-guaranteed loan in 2001. The lending bank was First Fed. Savings Bank - Twin F, based in Twin Falls, Idaho. SBA Loan Borrower COMPANY TYPE: LAWN AND GARDEN SERVICES SBA Loan Lender FIRST FED. SAVINGS BANK - TWIN F The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA business loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 0782 - Lawn and Garden Services NAICS Code 561730 - Landscaping Services Loan Approval Date 4/30/2001 Loan Approval Gross Amount $100,300 Loan Approval from the SBA Of the total $100,300 loan amount, the SBA guaranteed $85,255. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 6 employees. This SBA loan request did not indicate that the company promised to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Advice on Getting a Small Business Loan Good Banks for Small Business in Twin Falls, Idaho Where to Get an SBA Loan Idaho
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