Burley, Idaho Lender Lends Money to Electric And Gas Welding And Soldering Equipment Company

A Burley, Idaho SBA loan can be yours. Learn how one firm got a $40,000 business loan from this Idaho bank.

This loan to a local firm is a good example of an SBA loan. D. L. Evans Bank made the loan and the SBA guaranteed a portion of the loan. Many other Idaho entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.

SBA Loan Borrower

COMPANY TYPE: ELECTRIC AND GAS WELDING AND SOLDERING EQUIPMENT
BURLEY, ID 83318

SBA Loan Lender

D. L. EVANS BANK
397 N OVERLAND AVE
BURLEY, ID 83318

This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3548 - Electric and Gas Welding and Soldering Equipment

NAICS Code

333292 - Textile Machinery Manufacturing

Loan Approval Date

10/7/2004

Loan Approval Gross Amount

$40,000

Loan Approval from the SBA

Of the total $40,000 loan amount, the SBA guaranteed $30,000.

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 43 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a company in Burley ID, you ought to talk with a local Burley SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Burley businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like D. L. Evans Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Getting a Small Business Loan

Good Banks for Small Business in Burley, Idaho

Idaho SBA Banks