Idaho Entrepreneur Secures Financing to Buy Beehive Development Of Wyoming Franchise
Borrowing money to buy a Beehive Development Of Wyoming franchise? Bankcda has a history of making these loans and they are guaranteed by the SBA.
An entrepreneur in Coeur D'Alene, Idaho needed money to invest in a Beehive Development Of Wyoming franchise back in 2006. Bankcda issued an SBA franchise loan. Here are the details on this Idaho small business loan.
SBA Loan Borrower
ROSE TERRACE COTTAGES
COEUR D'ALENE, ID 83814
SBA Loan Lender
BANKCDA
1052 W MILL AVE
COEUR D'ALENE, ID 83814
This SBA loan was financed by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a thorough analysis of the loan application and, in return, SBA provides a fast loan decision.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
8051 - Skilled Nursing Care Facilities
NAICS Code
623311 - Continuing Care Retirement Communities
Loan Approval Date
2/23/2006
Loan Approval Gross Amount
$1,400,000
Loan Approval from the SBA
Of the total $1,400,000 loan amount, the SBA guaranteed $1,050,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was used to buy a Beehive Development Of Wyoming franchise. At the time of the loan, the company
had 30 employees. This SBA loan request did not indicate that the business planned to use the funding to add employees or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Bankcda 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:
Role of Business Plan When Raising Money
Small Bank Loans in Coeur D'Alene, Idaho
SBA Lenders in Idaho