Entrepreneur Works With Bonners Ferry, Idaho Bank to Get an SBA Loan

Find Bonners Ferry, Idaho banks that specialize in small business loans and know how to work with entrepreneurs. Panhandle State Bank is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Bonners Ferry, Idaho starts with an understanding of who else has gotten loans in the area. In this case, a local small business received funding from Panhandle State Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: WHEAT
BONNERS FERRY, ID 83805

SBA Loan Lender

PANHANDLE STATE BANK
6750 MAIN ST
BONNERS FERRY, ID 83805

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

0111 - Wheat

NAICS Code

111140 - Wheat Farming

Loan Approval Date

4/3/2000

Loan Approval Gross Amount

$41,000

Loan Approval from the SBA

Of the total $41,000 loan amount, the SBA guaranteed $32,800.

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 only one employee. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are raising money in Bonners Ferry ID, you ought to talk with a local Bonners Ferry SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Bonners Ferry businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Advice on Getting a Small Business Loan

Who Lends Money to Small Businesses in Bonners Ferry, Idaho

SBA Participating Banks in Idaho