Loans for Major Household Appliance Manufacturing

With these loans for major household appliance manufacturing, the SBA guarantees the lender that the loan will be repaid. This major household appliance manufacturing loan for $147,000 was given to an Idaho entrepreneur in 2004.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Ketchum, Idaho was able to borrow $147,000 from First Bank Of Idaho, Fsb. The SBA made the loan possible by guaranteeing $124,950 of this Idaho small business loan.

SBA Loan Borrower

COMPANY TYPE: MAJOR HOUSEHOLD APPLIANCE MANUFACTURING
KETCHUM, ID 83340

SBA Loan Lender

FIRST BANK OF IDAHO, FSB
111 MAIN ST
KETCHUM, ID 83340

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

335228 - Major Household Appliance Manufacturing

Loan Approval Date

5/17/2004

Loan Approval Gross Amount

$147,000

Loan Approval from the SBA

Of the total $147,000 loan amount, the SBA guaranteed $124,950.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

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 $147,000 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:

A Company That Helps Entrepreneurs

SBA Banks in Ketchum, Idaho

Getting an SBA Loan in Idaho