How to Get a Loan for Residential Remodelers

With these SBA loans for residential remodelers, the SBA guarantees the lender that the loan will be repaid. This residential remodelers loan for $21,600 was given to an Idaho entrepreneur in 2007.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Payette, Idaho was able to borrow $21,600 from Bank Of America. The SBA made the loan possible by guaranteeing $10,800 of this Idaho small business loan.

SBA Loan Borrower

COMPANY TYPE: RESIDENTIAL REMODELERS
PAYETTE, ID 83661

SBA Loan Lender

BANK OF AMERICA
100 N TRYON ST
CHARLOTTE, NC 28255

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

236118 - Residential Remodelers

Loan Approval Date

9/28/2007

Loan Approval Gross Amount

$21,600

Loan Approval from the SBA

Of the total $21,600 loan amount, the SBA guaranteed $10,800.

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 2 employees. The loan application indicated that the loan would help retain 2 existing jobs.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Bank Of America are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Business Credit Evaluation

Small Business Banks in Charlotte, North Carolina

North Carolina SBA 7A Lenders