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March 28, 2024  
 
 
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How to Get SBA Loans in Coeur D'Alene, Idaho

 

 
Loan Census SBA Loan Info

Loan to Buy Elmer's Pancake & Steak House Franchise Issued By Panhandle State Bank

Borrowing money to invest in an Elmer's Pancake & Steak House franchise? Panhandle State Bank has a history of making these loans and they are guaranteed by the SBA.

Elmer's Pancake & Steak House franchise loans are available to Coeur D'Alene, Idaho entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Panhandle State Bank, based in Sandpoint, Idaho, issued an SBA franchise loan for an Elmer's Pancake & Steak House franchise in 2006. We've got all the details on this Idaho small business loan.

SBA Loan Borrower

ELMER'S RESTAURANT
COEUR D'ALENE, ID 83814

SBA Loan Lender

PANHANDLE STATE BANK
231 N THIRD
SANDPOINT, ID 83864

This lender provides SBA bank loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

8/11/2006

Loan Approval Gross Amount

$302,000

Loan Approval from the SBA

Of the total $302,000 loan amount, the SBA guaranteed $226,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy an Elmer's Pancake & Steak House franchise. At the time of the loan, the company had 23 employees. The loan application did not indicate that the business planned to use the money to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Every year, the SBA guarantees over $10 billion for loans just like this one.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Panhandle State Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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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