First Fed. Savings Bank - Twin F SBA Loan to Food Preparations Company

Want an Idaho small business loan? Here's one Idaho business loan that was approved by the SBA.

This local small business knew how to go about getting a business bank loan. Based in Murtaugh, Idaho, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was First Fed. Savings Bank - Twin F, based in Twin Falls, Idaho.

SBA Loan Borrower

COMPANY TYPE: FOOD PREPARATIONS
MURTAUGH, ID 83338

SBA Loan Lender

FIRST FED. SAVINGS BANK - TWIN F
383 SHOSHONE ST NORTH
TWIN FALLS, ID 83301

When this loan was made, this bank was part of the SBA's Certified Lenders Program (CLP). This program was created to give fast service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2099 - Food Preparations

Loan Approval Date

1/28/2000

Loan Approval Gross Amount

$275,000

Loan Approval from the SBA

Of the total $275,000 loan amount, the SBA guaranteed $206,250.

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 5 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need money to start business in Murtaugh ID, you ought to talk with a local Murtaugh SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Murtaugh businesses.

We can help you find the best banks for small businesses in Murtaugh or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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