Business Loan from Bankcda Given to Full-Service Restaurants Company

An SBA loan from Bankcda typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Post Falls, Idaho business owner got a $205,000 loan.

This business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Bankcda, out of Coeur D'Alene, Idaho. The loan was granted and they received $205,000 to help grow their Post Falls, Idaho business.

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
POST FALLS, ID 83854

SBA Loan Lender

BANKCDA
1052 W MILL AVE
COEUR D'ALENE, ID 83814

This bank loan was provided by a small business banker with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan requests to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

2/26/2003

Loan Approval Gross Amount

$205,000

Loan Approval from the SBA

Of the total $205,000 loan amount, the SBA guaranteed $153,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 23 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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