Financing for Support Activities for Forestry

With these commercial loans for support activities for forestry, the SBA guarantees the lender that the loan will be repaid. This support activities for forestry loan for $168,800 was given to an Idaho entrepreneur in 2006.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Meridian, Idaho was able to borrow $168,800 from D. L. Evans Bank. The SBA made the loan possible by guaranteeing $126,600 of this Idaho small business loan.

SBA Loan Borrower

COMPANY TYPE: SUPPORT ACTIVITIES FOR FORESTRY
Meridian, ID 83642

SBA Loan Lender

D. L. EVANS BANK
397 N OVERLAND AVE
BURLEY, ID 83318

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

115310 - Support Activities for Forestry

Loan Approval Date

7/14/2006

Loan Approval Gross Amount

$168,800

Loan Approval from the SBA

Of the total $168,800 loan amount, the SBA guaranteed $126,600.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 4 existing jobs.

Getting an SBA Loan For Your Business

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

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 $168,800 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.

Related Links:

Borrowing Money from Friends and Family

SBA Participating Banks in Burley, Idaho

Getting a Business Loan in Idaho