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May 6, 2024 |
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| Home > Small Business Lenders by State > Idaho Business Loan Sources > Caldwell, Business Loans > Intermountain Commun Bank A Di Caldwell Business Loans > General Automotive Repair Shops Loan | ||||
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Homedale, Idaho Bank for SBA Loans
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Borrowing Money for General Automotive RepairLooking for bank loans for general automotive repair? Try the SBA. This $150,000 general automotive repair loan was issued by an Idaho bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Homedale, Idaho was able to borrow $150,000 from Intermountain Commun Bank A Di. The SBA made the loan possible by guaranteeing $127,500 of this Idaho small business loan. SBA Loan Borrower COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR SHOPS SBA Loan Lender INTERMOUNTAIN COMMUN BANK A DI SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7538 - General Automotive Repair Shops NAICS Code 811111 - General Automotive Repair Loan Approval Date 6/8/2004 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for an existing 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 4 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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:
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