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May 1, 2024 |
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| Home > Small Business Lenders by State > Idaho Business Loan Sources > Coeur D'Alene, Business Loans > Idaho Independent Bank Coeur D'Alene Business Loans > Crater Inc Loan | ||||
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Loans to Buy a Franchise in Idaho
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Idaho Entrepreneur Secures Financing to Buy Post Net FranchiseBorrowing money to buy a Post Net franchise? Idaho Independent Bank has a history of making these loans and they are guaranteed by the SBA. Post Net franchise loans are available to Coeur D'Alene, Idaho entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Idaho Independent Bank, based in Coeur D'Alene, Idaho, issued an SBA franchise loan for a Post Net franchise in 2005. We've got all the details on this Idaho small business loan. SBA Loan Borrower CRATER INC SBA Loan Lender IDAHO INDEPENDENT BANK This was a Low Documentation SBA loan. The SBA launched this program to limit the paperwork associated with borrowing money. The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 491110 - Postal Service Loan Approval Date 2/7/2005 Loan Approval Gross Amount $60,000 Loan Approval from the SBA Of the total $60,000 loan amount, the SBA guaranteed $51,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Post Net franchise. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the company planned to use the money to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Idaho Independent 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: PostNet Postal & Business Services Best Banks in Coeur D'Alene, Idaho
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