Small Business Loans for New Single-Family Housing Construction

With these small business loans for new single-family housing construction, the SBA guarantees the lender that the loan will be repaid. This new single-family housing construction loan for $255,500 was given to an Idaho entrepreneur in 2006.

This company knew how to go about getting a business bank loan. Based in Athol, Idaho, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Panhandle State Bank, based in Sandpoint, Idaho.

SBA Loan Borrower

COMPANY TYPE: NEW SINGLE-FAMILY HOUSING CONSTRUCTION
ATHOL, ID 83801

SBA Loan Lender

PANHANDLE STATE BANK
231 N THIRD
SANDPOINT, ID 83864

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

236115 - New Single-Family Housing Construction

Loan Approval Date

6/30/2006

Loan Approval Gross Amount

$255,500

Loan Approval from the SBA

Of the total $255,500 loan amount, the SBA guaranteed $191,625.

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 14 employees. This SBA loan request indicated that the loan would help retain 14 existing jobs.

Next Steps for Getting an SBA Loan

If you want money for new small business in Athol ID, you ought to talk with a local Athol SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Athol businesses.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Panhandle State Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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 Equity Dilution Works

Find an SBA Lender in Sandpoint, Idaho

Where to Get an SBA Loan Idaho