Small Business Loans for Schools and Instruction

With these small business loans for schools and instruction, the SBA guarantees the lender that the loan will be repaid. This schools and instruction loan for $248,400 was given to an Idaho entrepreneur in 2008.

This small firm knew how to go about getting a business bank loan. Based in Kingston, Idaho, they applied for and were awarded an SBA-guaranteed loan in 2008. The lending bank was Panhandle State Bank, based in Sandpoint, Idaho.

SBA Loan Borrower

COMPANY TYPE: SCHOOLS AND INSTRUCTION
Kingston, ID 83839

SBA Loan Lender

PANHANDLE STATE BANK
231 N THIRD
SANDPOINT, ID 83864

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

611699 - Schools and Instruction

Loan Approval Date

1/15/2008

Loan Approval Gross Amount

$248,400

Loan Approval from the SBA

Of the total $248,400 loan amount, the SBA guaranteed $186,300.

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 9 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 11 existing jobs.

Getting an SBA Loan For Your Business

If you are raising money in Kingston ID, you ought to talk with a local Kingston SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Kingston businesses.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

Banking Deregulation's Effects on Entrepreneurship

Good Banks for Small Business in Sandpoint, Idaho

Getting an SBA Loan in Idaho