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November 15, 2024 |
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| Home > Small Business Lenders by State > Idaho Business Loan Sources > Idaho Falls, Business Loans > Bank Of Idaho Idaho Falls Business Loans > Rite Quikstop LLC Loan | ||||
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SBA Franchise Financing Lender Idaho Falls Idaho
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Idaho Entrepreneur Secures Financing to Buy Exxon FranchiseBorrowing money to buy an Exxon franchise? Bank Of Idaho has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Idaho Falls, Idaho needed money to invest in an Exxon franchise back in 2003. Bank Of Idaho issued an SBA franchise loan. Here are the details on this Idaho small business loan. SBA Loan Borrower RITE QUIKSTOP LLC SBA Loan Lender BANK OF IDAHO The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA small business loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5541 - Gasoline Service Stations NAICS Code 447110 - Gasoline Stations with Convenience Stores Loan Approval Date 7/30/2003 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $63,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy an Exxon franchise. At the time of the loan, the company had 32 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Bank Of Idaho had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Bank Of Idaho made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Obtaining Funding - Getting Venture Capital SBA Approved Banks in Idaho Falls, Idaho
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