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May 16, 2024 |
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| Home > Small Business Lenders by State > Idaho Business Loan Sources > Coeur D'Alene, Business Loans > Sterling Savings Bank Coeur D'Alene Business Loans > Used Car Dealers Loan | ||||
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Who Lends Money to Coeur D'Alene Small Businesses
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Sterling Savings Bank Gives Small Business Loan to Used Car Dealers CompanyLooking to get an Idaho small business loan? This Idaho entrepreneur got a small business loan, provided by an Idaho bank that works with the SBA to help small business owners. This business, based in Coeur D'Alene, Idaho, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Sterling Savings Bank. We've got the inside scoop on this Idaho small business loan. SBA Loan Borrower COMPANY TYPE: USED CAR DEALERS SBA Loan Lender STERLING SAVINGS BANK This lender issued this particular SBA business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 441120 - Used Car Dealers Loan Approval Date 4/22/2003 Loan Approval Gross Amount $138,750 Loan Approval from the SBA Of the total $138,750 loan amount, the SBA guaranteed $117,937. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the company 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? The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Family and Friend Investors - Your First Financiers Small Bank Loans in Coeur D'Alene, Idaho
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