How to Get a Loan for Marketing Consulting Services

Looking for SBA loans for marketing consulting services? Talk to a banker who works with the SBA. This $40,000 marketing consulting services loan was issued by an Idaho bank.

This small business knew how to go about getting a business bank loan. Based in Boise, Idaho, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Syringa Bank, based in Eagle, Idaho.

SBA Loan Borrower

COMPANY TYPE: MARKETING CONSULTING SERVICES
BOISE, ID 83702

SBA Loan Lender

SYRINGA BANK
3172 E STATE ST
EAGLE, ID 83616

This commercial loan was issued under the SBA's Certified Lenders Program (CLP), which means that this lending institution has a successful SBA lending track record and a deep knowledge SBA loan requirements.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541613 - Marketing Consulting Services

Loan Approval Date

10/20/2006

Loan Approval Gross Amount

$40,000

Loan Approval from the SBA

Of the total $40,000 loan amount, the SBA guaranteed $34,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the business planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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.

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