Loan Census Banking News and Information
December 20, 2024  
 
 
  Business Loan Information  
 

Who Lends Money to Post Falls Businesses

 

 
Loan Census SBA Loan Info

Post Falls, Idaho Entrepreneur Gets a Small Business Loan

IdahoBusiness loans are available to Idaho business owners through the SBA. In this case, an Idaho bank provides the loan.

You can learn something about getting a small business loan in Post Falls, Idaho by studying this loan to a local business, made back in 2003. Banks like Panhandle State Bank may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

COMPANY TYPE: FINANCIAL INVESTMENT ACTIVITIES
POST FALLS, ID 83854

SBA Loan Lender

PANHANDLE STATE BANK
200 W NEIDER AVE
COEUR D'ALENE, ID 83814

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

523999 - Financial Investment Activities

Loan Approval Date

7/1/2003

Loan Approval Gross Amount

$85,000

Loan Approval from the SBA

Of the total $85,000 loan amount, the SBA guaranteed $72,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the business promised to use the funding to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

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.

Related Links:

Raising VC Money for Social Networking Companies

SBA Banks in Coeur D'Alene, Idaho

SBA Idaho Lenders