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November 21, 2024 |
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| Home > Small Business Lenders by State > Idaho Business Loan Sources > Coeur D'Alene, Business Loans > Mountain West Bank Coeur D'Alene Business Loans > Insty Prints Of Coeur D Alene Loan | ||||
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Advice for Borrowing Money to Buy a Franchise
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Idaho Entrepreneur Secures Financing to Buy Insty-Prints FranchiseNeed a loan to invest in an Insty-Prints franchise? Mountain West Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy an Insty-Prints franchise? If so, here's a 2003 SBA franchise loan that you should know about. Mountain West Bank was the lender and the entrepreneur was based in Coeur D'Alene, Idaho. SBA Loan Borrower INSTY PRINTS OF COEUR D ALENE SBA Loan Lender MOUNTAIN WEST BANK Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 561439 - Business Service Centers Loan Approval Date 2/21/2003 Loan Approval Gross Amount $71,400 Loan Approval from the SBA Of the total $71,400 loan amount, the SBA guaranteed $60,690. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy an Insty-Prints franchise. At the time of the loan, the company had 14 employees. The SBA loan application for the borrower indicated that the loan would help retain 14 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Mountain West Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Mountain West Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Good Banks for Small Business in Coeur D'Alene, Idaho
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