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May 17, 2024 |
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| Home > Small Business Lenders by State > Idaho Business Loan Sources > Salt Lake City, Business Loans > Zions First National Bank Salt Lake City Business Loans > Industrial Machinery And Equipment Merchant Wholesalers Loan | ||||
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Get a Business Loan in Rexburg, Idaho
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Growing Company Gets an Idaho Business LoanBank loans in Idaho are hard to find these days. We take a look at one Idaho bank loan, provided by an Utah bank, that was approved by the SBA. Getting a small business loan in Rexburg, Idaho was a top priority for this loan applicant back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Zions First National Bank. Here are the details on this Idaho small business loan. SBA Loan Borrower COMPANY TYPE: INDUSTRIAL MACHINERY AND EQUIPMENT MERCHANT WHOLESALERS SBA Loan Lender ZIONS FIRST NATIONAL BANK This lender processed this commercial 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. NAICS Code 423830 - Industrial Machinery and Equipment Merchant Wholesalers Loan Approval Date 1/22/2007 Loan Approval Gross Amount $72,500 Loan Approval from the SBA Of the total $72,500 loan amount, the SBA guaranteed $36,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 8 employees. The SBA loan application for the borrower indicated that the loan would help retain 8 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Zions First National Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Zions First National Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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 Banks in Salt Lake City, Utah
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