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November 15, 2024 |
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| Home > Small Business Lenders by State > Idaho Business Loan Sources > Burley, Business Loans > D. L. Evans Bank Burley Business Loans > Locksmiths Loan | ||||
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Burley, Idaho SBA 7A Banks
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Burley, Idaho Bank Lends Money to Locksmiths Company in Ketchum, IdahoA Burley, Idaho business loan can be yours. Learn how a business got a $73,200 business loan from this Idaho bank. This loan to a local firm is a good example of an SBA loan. D. L. Evans Bank made the loan and the SBA guaranteed a portion of the loan. Many other Idaho entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: LOCKSMITHS SBA Loan Lender D. L. EVANS BANK This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with getting a loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 561622 - Locksmiths Loan Approval Date 10/19/2004 Loan Approval Gross Amount $73,200 Loan Approval from the SBA Of the total $73,200 loan amount, the SBA guaranteed $62,220. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business If you are wondering how to find money to start a business or already have a business and need money to expand, an SBA loan can be a great source of funding. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like D. L. Evans Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Role of Business Plan When Raising Money Where to Get an SBA Loan in Burley, Idaho Where to Get an SBA Loan Idaho
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