Business Loans for Finfish Fishing

With these business loans for finfish fishing, the SBA guarantees the lender that the loan will be repaid. This finfish fishing loan for $62,800 was given to a Washington entrepreneur in 2007.

This business knew how to go about getting a business bank loan. Based in Asotin, Washington, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Panhandle State Bank, based in Sandpoint, Idaho.

SBA Loan Borrower

COMPANY TYPE: FINFISH FISHING
Asotin, WA 99402

SBA Loan Lender

PANHANDLE STATE BANK
231 N THIRD
SANDPOINT, ID 83864

This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

114111 - Finfish Fishing

Loan Approval Date

9/7/2007

Loan Approval Gross Amount

$62,800

Loan Approval from the SBA

Of the total $62,800 loan amount, the SBA guaranteed $47,100.

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 3 employees. This SBA loan request indicated that the loan would help retain 3 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Panhandle State Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Business Cash Advances

Small Business Banks in Sandpoint, Idaho

Getting an SBA Loan in Idaho