Couer D'Alene, Idaho Entrepreneur Gets a Business Loan

Small business loans in Idaho are hard to find these days. We take a look at one Idaho small business loan, provided by a Washington bank, that was approved by the SBA.

Getting a small business loan in Couer D'Alene, Idaho was a top priority for this small company back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Numerica Cu. Here are the details on this Idaho small business loan.

SBA Loan Borrower

COMPANY TYPE: PODIATRISTS
COUER D'ALENE, ID 83814

SBA Loan Lender

NUMERICA CU
301 N HAVANA
SPOKANE, WA 99202

This SBA small business loan was granted by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a comprehensive analysis of the loan application and, in return, SBA delivers a quick answer on whether the loan qualifies.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

621391 - Podiatrists

Loan Approval Date

8/24/2006

Loan Approval Gross Amount

$395,000

Loan Approval from the SBA

Of the total $395,000 loan amount, the SBA guaranteed $296,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the company promised to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

While you may be able to find other ways to get money to start a business, 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.

Related Links:

Understanding Dilution

Best Banks for Small Business in Spokane, Washington

SBA Lenders in Washington