Loan Census Banking News and Information
March 29, 2024  
 
 
  Business Loan Information  
 

Idaho Falls, Idaho Bank for SBA Loans

 

 
Loan Census SBA Loan Info

Borrow Money to Buy an Isold It On Ebay Franchise

Borrowing money to buy an Isold It On Ebay franchise? D. L. Evans Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Idaho Falls, Idaho needed money to invest in an Isold It On Ebay franchise back in 2007. D. L. Evans Bank issued an SBA franchise loan. Here are the details on this Idaho small business loan.

SBA Loan Borrower

IFISI, LLC
IDAHO FALLS, ID 83402

SBA Loan Lender

D. L. EVANS BANK
397 N OVERLAND AVE
BURLEY, ID 83318

This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

453998 - Store Retailers

Loan Approval Date

3/23/2007

Loan Approval Gross Amount

$76,300

Loan Approval from the SBA

Of the total $76,300 loan amount, the SBA guaranteed $64,855.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Isold It On Ebay franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help create 3 new jobs.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into D. L. Evans Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

iSold It eBay Store

Accountant's Role in Securing Financing

Small Bank Loans in Burley, Idaho

Idaho SBA Bank Lenders