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November 15, 2024 |
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| Home > Small Business Lenders by State > Idaho Business Loan Sources > Sioux Falls, Business Loans > Wells Fargo Bank Sioux Falls Business Loans > Child Day Care Services Loan | ||||
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Small Business Banks That Lend to Boise Entrepreneurs
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Idaho Small Business Loan Issued to Child Day Care Services CompanyLooking to get an Idaho bank loan? This Idaho entrepreneur got a bank loan, provided by a South Dakota bank that works with the SBA to help small business owners. This small business, based in Boise, Idaho, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Wells Fargo Bank. We've got the inside scoop on this Idaho small business loan. SBA Loan Borrower COMPANY TYPE: CHILD DAY CARE SERVICES SBA Loan Lender WELLS FARGO BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 624410 - Child Day Care Services Loan Approval Date 7/12/2007 Loan Approval Gross Amount $428,600 Loan Approval from the SBA Of the total $428,600 loan amount, the SBA guaranteed $321,450. 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 4 employees. The SBA loan documents indicated that the loan would help generate 7 new jobs and retain 4 existing jobs. Great, But How Can I Get an SBA Loan for My Business? If you need money to start business in Boise ID, you ought to talk with a local Boise SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Boise businesses. 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. Related Links: Obtaining Funding - Friends and Family Best Sioux Falls, South Dakota Banks for Small Business
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