Loan Census Banking News and Information
November 21, 2024  
 
 
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Loans to Buy a Franchise in Idaho

 

 
Loan Census SBA Loan Info

Idaho Entrepreneur Secures Financing to Buy Insty-Prints Franchise

Need money to purchase an Insty-Prints franchise? Mountain West Bank has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Coeur D'Alene, Idaho needed money to invest in an Insty-Prints franchise back in 2001. Mountain West Bank issued an SBA franchise loan. Here are the details on this Idaho small business loan.

SBA Loan Borrower

INSTY PRINTS
COEUR D'ALENE, ID 83814

SBA Loan Lender

MOUNTAIN WEST BANK
125 IRONWOOD DR
COEUR D'ALENE, ID 83814

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

8/31/2001

Loan Approval Gross Amount

$260,000

Loan Approval from the SBA

Of the total $260,000 loan amount, the SBA guaranteed $195,000.

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.

Getting an SBA Loan For Your Business

If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great funding source

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Mountain West Bank and they will explain how you can get an SBA loan for your company.

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:

Insty-Prints Printing Centers

Realistic Debt Financing Options

Small Bank Loans in Coeur D'Alene, Idaho

Idaho SBA Bank Lenders