D. L. Evans Bank Provides SBA Loan to Buy Perma-Glaze Franchise

Borrowing money to buy a Perma-Glaze franchise? D. L. Evans Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Chubbuck, Idaho and are interested in buying a Perma-Glaze franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2000 by D. L. Evans Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

PERMA GLAZE
CHUBBUCK, ID 83202

SBA Loan Lender

D. L. EVANS BANK
2281 OVERLAND
BURLEY, ID 83318

This was a Low Documentation SBA loan. The SBA created this program to minimize the paperwork associated with getting a loan . 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. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1799 - Special Trade Contractors

Loan Approval Date

2/10/2000

Loan Approval Gross Amount

$24,500

Loan Approval from the SBA

Of the total $24,500 loan amount, the SBA guaranteed $19,600.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Perma-Glaze franchise. 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 hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Perma-Glaze, Inc.

Raising Venture Capital

Small Bank Loans in Burley, Idaho

Idaho SBA Banks