Intermountain Commun Bank A Di SBA Loan to Groceries, General Line Company

An SBA loan from Intermountain Commun Bank A Di typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Payette, Idaho business owner got a $100,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Payette, Idaho was able to borrow $100,000 from Intermountain Commun Bank A Di. The SBA made the loan possible by guaranteeing $90,000 of this Idaho small business loan.

SBA Loan Borrower

COMPANY TYPE: GROCERIES, GENERAL LINE
PAYETTE, ID 83661

SBA Loan Lender

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

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA business loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5141 - Groceries, General Line

NAICS Code

422410 - General Line Grocery Wholesalers

Loan Approval Date

9/11/2001

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $90,000.

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 only one employee. The loan application did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide money to small business owners for working capital for other expenses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Intermountain Commun Bank A Di had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Intermountain Commun Bank A Di made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Getting a Small Business Loan

SBA 7A Banks in Payette, Idaho

SBA Idaho Lenders