Coeur D Alene, ID Entrepreneur Gets SBA Loan to Buy Budget Blinds Franchise

Borrowing money to buy a Budget Blinds franchise? Panhandle State 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 a Budget Blinds franchise back in 2007. Panhandle State Bank issued an SBA franchise loan. Here are the details on this Idaho small business loan.

SBA Loan Borrower

CLOSET TAILORS LLC
COEUR D ALENE, ID 83815

SBA Loan Lender

PANHANDLE STATE BANK
231 N THIRD
SANDPOINT, ID 83864

As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

326199 - Plastics Product Manufacturing

Loan Approval Date

2/2/2007

Loan Approval Gross Amount

$134,000

Loan Approval from the SBA

Of the total $134,000 loan amount, the SBA guaranteed $100,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Budget Blinds franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 5 existing jobs.

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

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

We can help you find the best banks for small businesses in Coeur D Alene or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Budget Blinds

Borrowing Money from Friends and Family

Good Banks for Small Business in Sandpoint, Idaho

Getting an SBA Loan in Idaho