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May 18, 2024 |
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| Home > Small Business Lenders by State > Idaho Business Loan Sources > Preston, Business Loans > Ireland Bank Preston Business Loans > Manufacturing Loan | ||||
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Banks in Preston, Idaho That Make SBA Loans
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Preston, Idaho Bank Gives SBA Loan to Manufacturing CompanyA Preston, Idaho business loan can be yours. Learn how one firm got a $58,500 business loan from this Idaho bank. This loan to a local firm is a good example of an SBA loan. Ireland Bank made the loan and the SBA guaranteed a portion of the loan. Many other Idaho entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: MANUFACTURING SBA Loan Lender IRELAND BANK This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 339999 - Manufacturing Loan Approval Date 10/3/2001 Loan Approval Gross Amount $58,500 Loan Approval from the SBA Of the total $58,500 loan amount, the SBA guaranteed $49,725. 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 2 employees. This SBA loan request did not indicate that the business promised to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $58,500 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Determining Proper Capital Structure for a Business Who Lends Money to Small Businesses in Preston, Idaho SBA Participating Banks in Idaho
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