SBA Loan from Bank Of The Cascades Helps Eating Places Company
Bank Of The Cascades has a track record as a leading provider of SBA loans. Find out how this Idaho entrepreneur received an SBA loan from them.
This growing company received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Bank Of The Cascades, out of Nampa, Idaho. The loan was granted and they received $145,900 to help grow their Nampa, Idaho business.
SBA Loan Borrower
COMPANY TYPE: EATING PLACES
NAMPA, ID 83653
SBA Loan Lender
BANK OF THE CASCADES
112 2ND ST SOUTH
NAMPA, ID 83651
This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5812 - Eating Places
NAICS Code
722110 - Full-Service Restaurants
Loan Approval Date
4/1/2004
Loan Approval Gross Amount
$145,900
Loan Approval from the SBA
Of the total $145,900 loan amount, the SBA guaranteed $124,015.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 21 employees. This SBA loan request did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA loans provide money to small business owners for working capital for other expenses.
This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.
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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