Idaho SBA Loan Issued to Dance Studios, Schools, And Halls Company

Bank loans in Idaho are are few and far betweeen these days. We take a look at one Idaho bank loan, provided by a Washington bank, that was approved by the SBA.

You can learn something about getting a small business loan in Coeur D' Alene, Idaho by studying this loan to a local company, made back in 2000. Banks like Bank Of America may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

COMPANY TYPE: DANCE STUDIOS, SCHOOLS, AND HALLS
COEUR D' ALENE, ID 83815

SBA Loan Lender

BANK OF AMERICA
701 5TH AVE
SEATTLE, WA 98104

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7911 - Dance Studios, Schools, and Halls

Loan Approval Date

5/10/2000

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $48,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 25 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need business start up money in Coeur D' Alene ID, you ought to talk with a local Coeur D' Alene SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Coeur D' Alene businesses.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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.

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