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May 6, 2024 |
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| Home > Small Business Lenders by State > Idaho Business Loan Sources > Burley, Business Loans > D. L. Evans Bank Burley Business Loans > Eating Places Loan | ||||
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Banks Doing SBA Loans in Idaho
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Burley, Idaho Bank Gives SBA Loan to Eating Places CompanyThinking about meeting with a Burley, Idaho bank about a business loan? Here's one Idaho business loan, issued by a Burley bank, that was approved by the SBA. Applying for an SBA loan with D. L. Evans Bank worked out well for our friends at one local company in Burley, Idaho. The business was able to get an SBA loan for $85,000. Nice! SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender D. L. EVANS BANK 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. SIC Code 5812 - Eating Places NAICS Code 721110 - Hotels and Motels Loan Approval Date 10/25/2000 Loan Approval Gross Amount $85,000 Loan Approval from the SBA Of the total $85,000 loan amount, the SBA guaranteed $68,000. 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 31 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like D. L. Evans Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: SBA 7A Banks for Burley, Idaho Loans
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