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November 15, 2024 |
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| Home > Small Business Lenders by State > Idaho Business Loan Sources > San Francisco, Business Loans > Wells Fargo Hsbc Trade Bank N San Francisco Business Loans > Optometrists Loan | ||||
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Idaho Business Loans from Wells Fargo Hsbc Trade Bank N
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SBA Loan from Wells Fargo Hsbc Trade Bank N Helps Optometrists CompanyAn SBA loan from Wells Fargo Hsbc Trade Bank N typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Boise, Idaho business owner got a $121,000 loan. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Boise, Idaho was able to borrow $121,000 from Wells Fargo Hsbc Trade Bank N. The SBA made the loan possible by guaranteeing $102,850 of this Idaho small business loan. SBA Loan Borrower COMPANY TYPE: OPTOMETRISTS SBA Loan Lender WELLS FARGO HSBC TRADE BANK N This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with borrowing money. The low-doc program involves 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 621320 - Optometrists Loan Approval Date 11/5/2002 Loan Approval Gross Amount $121,000 Loan Approval from the SBA Of the total $121,000 loan amount, the SBA guaranteed $102,850. 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 3 employees. The SBA loan documents did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan 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. We can help you find the best banks for small businesses in Boise or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Microlending as a Small Business Funding Source Who Lends Money to Small Businesses in San Francisco, California
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