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May 18, 2024 |
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| Home > Small Business Lenders by State > Idaho Business Loan Sources > Idaho Falls, Business Loans > The Bank Of Commerce Idaho Falls Business Loans > Direct Selling Establishments Loan | ||||
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Idaho SBA 7A Lenders
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Idaho Falls, Idaho Bank Gives SBA Loan to Direct Selling Establishments CompanyWant to talk with an Idaho Falls, Idaho bank about a small business loan? Here's one Idaho business loan, issued by an Idaho Falls bank, that was approved by the SBA. Applying for an SBA loan with The Bank Of Commerce worked out well for our friends at one local business in Idaho Falls, Idaho. They received an SBA loan for $150,000. Nice! SBA Loan Borrower COMPANY TYPE: DIRECT SELLING ESTABLISHMENTS SBA Loan Lender THE BANK OF COMMERCE This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 454390 - Direct Selling Establishments Loan Approval Date 11/19/2002 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 9 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. While you may be able to find other ways to get money to start a business, 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: Role of Business Plan When Raising Money Where to Get an SBA Loan in Idaho Falls, Idaho
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