Raising Money for General Merchandise Stores

Looking for bank loans for general merchandise stores? Try the SBA. This $60,000 general merchandise stores loan was issued by an Idaho bank.

This small firm received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Panhandle State Bank, out of Sandpoint, Idaho. The loan was granted and they received $60,000 to help grow their Ponderay, Idaho business.

SBA Loan Borrower

COMPANY TYPE: GENERAL MERCHANDISE STORES
PONDERAY, ID 83852

SBA Loan Lender

PANHANDLE STATE BANK
231 N THIRD
SANDPOINT, ID 83864

This small business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

452990 - General Merchandise Stores

Loan Approval Date

2/8/2007

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $30,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in 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.

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. Panhandle State Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Panhandle State Bank 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.

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