SBA Loan from Intermountain Commun Bank A Di Helps Beauty Salons Company

Intermountain Commun Bank A Di has a track record as a leading provider of SBA loans. Find out how this Oregon entrepreneur received an SBA loan from them.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Ontario, Oregon was able to borrow $67,700 from Intermountain Commun Bank A Di. The SBA made the loan possible by guaranteeing $57,545 of this Oregon small business loan.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SALONS
ONTARIO, OR 97914

SBA Loan Lender

INTERMOUNTAIN COMMUN BANK A DI
175 N 16TH ST
PAYETTE, ID 83661

This lender issued this particular business 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

812112 - Beauty Salons

Loan Approval Date

10/30/2003

Loan Approval Gross Amount

$67,700

Loan Approval from the SBA

Of the total $67,700 loan amount, the SBA guaranteed $57,545.

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 9 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

We can help you find the best banks for small businesses in Ontario 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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