Getting an SBA Loan for Hardware Stores

Looking for SBA loans for hardware stores? The SBA may be the answer. This $84,500 hardware stores loan was issued by an Idaho bank.

This small business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Bank Of The Cascades, out of Nampa, Idaho. The loan was granted and they received $84,500 to help grow their Middleton, Idaho business.

SBA Loan Borrower

COMPANY TYPE: DURABLE GOODS
MIDDLETON, ID 83644

SBA Loan Lender

BANK OF THE CASCADES
112 2ND ST SOUTH
NAMPA, ID 83651

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 involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5099 - Durable Goods

NAICS Code

444130 - Hardware Stores

Loan Approval Date

3/13/2001

Loan Approval Gross Amount

$84,500

Loan Approval from the SBA

Of the total $84,500 loan amount, the SBA guaranteed $71,825.

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 55 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great funding source

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Bank Of The Cascades 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:

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SBA 7A Lenders in Nampa, Idaho

SBA Idaho Banks