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May 8, 2024 |
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| Home > Small Business Lenders by State > Idaho Business Loan Sources > Meridian, Business Loans > Mountain West Bank Meridian Business Loans > Intermediate Care Facilities Loan | ||||
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Raising Money in Boise, Idaho With SBA Loans
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Getting an SBA Loan for Residential Mental Retardation FacilitiesWith these SBA loans for residential mental retardation facilities, the SBA guarantees the lender that the loan will be repaid. This residential mental retardation facilities loan for $90,000 was given to an Idaho entrepreneur in 2003. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Boise, Idaho was able to borrow $90,000 from Mountain West Bank. The SBA made the loan possible by guaranteeing $76,500 of this Idaho small business loan. SBA Loan Borrower COMPANY TYPE: INTERMEDIATE CARE FACILITIES SBA Loan Lender MOUNTAIN WEST BANK This SBA business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 8052 - Intermediate Care Facilities NAICS Code 623210 - Residential Mental Retardation Facilities Loan Approval Date 11/25/2003 Loan Approval Gross Amount $90,000 Loan Approval from the SBA Of the total $90,000 loan amount, the SBA guaranteed $76,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 215 employees. The loan application did not indicate that the business planned to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. 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. Related Links: Obtaining Funding From a Venture Capitalist SBA 7A Banks in Meridian, Idaho
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