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May 18, 2024 |
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| Home > Small Business Lenders by State > Idaho Business Loan Sources > Boise, Business Loans > Idaho Banking Company Boise Business Loans > Homefurnishings Loan | ||||
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Idaho Bank SBA Loans
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Idaho Banking Company SBA Loan to Homefurnishings CompanyLooking to get an Idaho business loan? Here's one Idaho business loan that was approved by the SBA. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Boise (corporate Name Boise Ci, Idaho was able to borrow $50,000 from Idaho Banking Company. The SBA made the loan possible by guaranteeing $25,000 of this Idaho small business loan. SBA Loan Borrower COMPANY TYPE: HOMEFURNISHINGS SBA Loan Lender IDAHO BANKING COMPANY The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. SIC Code 5023 - Homefurnishings Loan Approval Date 4/28/2000 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $25,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 11 employees. The loan application indicated that the loan would help retain 11 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. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Small Bank Loans in Boise, Idaho SBA Participating Banks in Idaho
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