Business Loan from Panhandle State Bank Given to Special Trade Contractors Company

An SBA loan from Panhandle State Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Dover, Idaho business owner got a $104,300 loan.

This growing company knew how to go about getting a business bank loan. Based in Dover, Idaho, they applied for and received an SBA-guaranteed loan in 2001. The lending bank was Panhandle State Bank, based in Ponderay, Idaho.

SBA Loan Borrower

COMPANY TYPE: SPECIAL TRADE CONTRACTORS
DOVER, ID 83825

SBA Loan Lender

PANHANDLE STATE BANK
300 KOOTENAI CUT-OFF RD
PONDERAY, ID 83852

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

235990 - Special Trade Contractors

Loan Approval Date

5/30/2001

Loan Approval Gross Amount

$104,300

Loan Approval from the SBA

Of the total $104,300 loan amount, the SBA guaranteed $88,655.

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 50 employees. This SBA loan request did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

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 $104,300 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:

Business Incubators

Banks in Ponderay, Idaho

Idaho SBA 7A Lenders