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May 9, 2024 |
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| Home > Small Business Lenders by State > Idaho Business Loan Sources > Cincinnati, Business Loans > U.S. Bank National Association Cincinnati Business Loans > General Rental Centers Loan | ||||
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Business Loans for Eagle Small Business Owners
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Business Loans for General Rental CentersWith these business loans for general rental centers, the SBA guarantees the lender that the loan will be repaid. This general rental centers loan for $48,000 was given to an Idaho entrepreneur in 2002. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Eagle, Idaho was able to borrow $48,000 from U.S. Bank National Association. The SBA made the loan possible by guaranteeing $24,000 of this Idaho small business loan. SBA Loan Borrower COMPANY TYPE: GENERAL RENTAL CENTERS SBA Loan Lender U.S. BANK NATIONAL ASSOCIATION This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 532310 - General Rental Centers Loan Approval Date 3/20/2002 Loan Approval Gross Amount $48,000 Loan Approval from the SBA Of the total $48,000 loan amount, the SBA guaranteed $24,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help retain 1 existing job. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Obtaining Funding From a Venture Capitalist SBA 7A Lenders in Cincinnati, Ohio SBA Participating Banks in Ohio
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