Financing for Drinking Places

Looking for loans for drinking places? Talk to a banker who works with the SBA. This $101,000 drinking places loan was issued by an Idaho bank.

This small firm knew how to go about getting a business bank loan. Based in Coeur D'Alene, Idaho, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Washington Trust Bank, based in Coeur D'Alene, Idaho.

SBA Loan Borrower

COMPANY TYPE: DRINKING PLACES
COEUR D'ALENE, ID 83814

SBA Loan Lender

WASHINGTON TRUST BANK
218 LAKESIDE AVE
COEUR D'ALENE, ID 83814

When this loan was made, this bank was part of the SBA's Certified Lenders Program (CLP). This program aims to ensure speedy service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722410 - Drinking Places

Loan Approval Date

6/12/2002

Loan Approval Gross Amount

$101,000

Loan Approval from the SBA

Of the total $101,000 loan amount, the SBA guaranteed $85,850.

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 5 employees. This SBA loan request did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $101,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

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SBA Approved Banks in Coeur D'Alene, Idaho

Getting a Business Loan in Idaho