Loan Census Banking News and Information
May 4, 2024  
 
 
  Business Loan Information  
 

Boise, Idaho Bank for SBA Loans

 

 
Loan Census SBA Loan Info

Borrow Money to Buy a Kitchen Tune Up Franchise

Need a loan to buy a Kitchen Tune Up franchise? Bank Of The Cascades has a history of making these loans and they are guaranteed by the SBA.

Kitchen Tune Up franchise loans are available to Boise, Idaho entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Bank Of The Cascades, based in Boise, Idaho, issued an SBA franchise loan for a Kitchen Tune Up franchise in 2001. We've got all the details on this Idaho small business loan.

SBA Loan Borrower

BAMMERT ENTERPRISE INC KITCHEN
BOISE, ID 83713

SBA Loan Lender

BANK OF THE CASCADES
209 N 12TH ST
BOISE, ID 83702

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

235520 - Floor Laying and Floor Contractors

Loan Approval Date

12/21/2001

Loan Approval Gross Amount

$35,000

Loan Approval from the SBA

Of the total $35,000 loan amount, the SBA guaranteed $29,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Kitchen Tune Up franchise. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $35,000 loan. Remember, if it to be, it is up to me!

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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SBA Idaho Lenders