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May 7, 2024 |
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| Home > Small Business Lenders by State > Idaho Business Loan Sources > Salt Lake City, Business Loans > Wells Fargo Bank Salt Lake City Business Loans > Lumber, Plywood, Millwork, And Wood Panels Loan | ||||
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SBA Lender Meridian Idaho
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Idaho Small Business Loan Issued to Lumber, Plywood, Millwork, And Wood Panels CompanyIdahoBank loans are available to Idaho firms through the SBA. In this case, an Utah bank provides the loan. By giving the right information to Wells Fargo Bank, this Meridian, Idaho business was able to get an SBA loan. To get this loan, the entrepreneur gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: LUMBER, PLYWOOD, MILLWORK, AND WOOD PANELS SBA Loan Lender WELLS FARGO BANK This lender processed this SBA loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. SIC Code 5031 - Lumber, Plywood, Millwork, and Wood Panels NAICS Code 421310 - Loan Approval Date 3/16/2000 Loan Approval Gross Amount $51,100 Loan Approval from the SBA Of the total $51,100 loan amount, the SBA guaranteed $25,550. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 2 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide smart, affordable business financing for small businesses looking to expand. 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 Wells Fargo 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: How Much Venture Capital Is There? SBA 7A Lenders in Salt Lake City, Utah Getting a Business Loan in Utah
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