Malad City, Idaho Lender Lends Money to Fabricated Metal Product Manufacturing Company

Find Malad City, Idaho banks that specialize in SBA loans and know how to work with entrepreneurs. Ireland Bank is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Malad City, Idaho starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from Ireland Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: FABRICATED METAL PRODUCT MANUFACTURING
MALAD CITY, ID 83252

SBA Loan Lender

IRELAND BANK
33 BANNOCK ST
MALAD CITY, ID 83252

This lender issued this particular SBA business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

332999 - Fabricated Metal Product Manufacturing

Loan Approval Date

3/15/2002

Loan Approval Gross Amount

$26,900

Loan Approval from the SBA

Of the total $26,900 loan amount, the SBA guaranteed $22,865.

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 2 employees. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

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 $26,900 loan. Remember, if it to be, it is up to me!

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.

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