Financing for Insurance Agencies and Brokerages

With these commercial loans for insurance agencies and brokerages, the SBA guarantees the lender that the loan will be repaid. This insurance agencies and brokerages loan for $171,600 was given to an Idaho entrepreneur in 2005.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Post Falls, Idaho was able to borrow $171,600 from Bankcda. The SBA made the loan possible by guaranteeing $128,700 of this Idaho small business loan.

SBA Loan Borrower

COMPANY TYPE: INSURANCE AGENCIES AND BROKERAGES
POST FALLS, ID 83854

SBA Loan Lender

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

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

524210 - Insurance Agencies and Brokerages

Loan Approval Date

10/20/2005

Loan Approval Gross Amount

$171,600

Loan Approval from the SBA

Of the total $171,600 loan amount, the SBA guaranteed $128,700.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The loan application indicated that the loan would help retain 3 existing jobs.

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

If you are wondering how to raise money for a company in Post Falls ID, you ought to talk with a local Post Falls SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Post Falls businesses.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Bankcda so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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