Raising Money for Temporary Help Services

With these bank loans for temporary help services, the SBA guarantees the lender that the loan will be repaid. This temporary help services loan for $100,000 was given to an Idaho entrepreneur in 2004.

This small firm knew how to go about getting a business bank loan. Based in Meridian, Idaho, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Bank Of The Cascades, based in Boise, Idaho.

SBA Loan Borrower

COMPANY TYPE: TEMPORARY HELP SERVICES
MERIDIAN, ID 83642

SBA Loan Lender

BANK OF THE CASCADES
121 N 9TH ST, STE 200
BOISE, ID 83702

This lender issued this particular bank 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

561320 - Temporary Help Services

Loan Approval Date

8/24/2004

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $85,000.

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 5 employees. The loan application did not indicate that the business planned to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide smart, affordable business financing for small businesses looking to expand.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Bank Of The Cascades had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Bank Of The Cascades 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:

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Where to Get an SBA Loan in Boise, Idaho

SBA Idaho Banks