Get an SBA Loan for Commercial and Institutional Building Construction

Looking for loans for commercial and institutional building construction? The SBA may be the answer. This $600,000 commercial and institutional building construction loan was issued by an Idaho bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Hayden, Idaho was able to borrow $600,000 from Panhandle State Bank. The SBA made the loan possible by guaranteeing $300,000 of this Idaho small business loan.

SBA Loan Borrower

COMPANY TYPE: COMMERCIAL AND INSTITUTIONAL BUILDING CONSTRUCTION
HAYDEN, ID 83835

SBA Loan Lender

PANHANDLE STATE BANK
231 N THIRD
SANDPOINT, ID 83864

The lender provided this loan for a small business through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

233320 - Commercial and Institutional Building Construction

Loan Approval Date

7/23/2004

Loan Approval Gross Amount

$600,000

Loan Approval from the SBA

Of the total $600,000 loan amount, the SBA guaranteed $300,000.

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 3 employees. The SBA loan application for the borrower indicated that the loan would help retain 3 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $600,000 loan. Remember, anyone can do it... so why not you?

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:

Determining Proper Capital Structure for a Business

SBA 7A Banks for Sandpoint, Idaho Loans

Getting an SBA Loan in Idaho