SBA Loan from Bank Of The Cascades Helps Sanitary Services Company

An SBA loan from Bank Of The Cascades typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Boise, Idaho business owner got a $660,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Boise, Idaho was able to borrow $660,000 from Bank Of The Cascades. The SBA made the loan possible by guaranteeing $495,000 of this Idaho small business loan.

SBA Loan Borrower

COMPANY TYPE: SANITARY SERVICES
BOISE, ID 83714

SBA Loan Lender

BANK OF THE CASCADES
4128 ADAMS ST
BOISE, ID 83174

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4959 - Sanitary Services

NAICS Code

488119 - Airport Operations

Loan Approval Date

2/16/2001

Loan Approval Gross Amount

$660,000

Loan Approval from the SBA

Of the total $660,000 loan amount, the SBA guaranteed $495,000.

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 30 employees. The loan application did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

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.

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