Tile and Terrazzo Contractors Small Business Loans

Looking for small business loans for tile and terrazzo contractors? Try the SBA. This $50,000 tile and terrazzo contractors loan was issued by an Idaho bank.

Getting a small business loan in Posta Falls, Idaho was important for this growing firm back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Sterling Savings Bank, operating out of Coeur D'Alene, Idaho. Here are the details on this Idaho small business loan.

SBA Loan Borrower

COMPANY TYPE: TILE AND TERRAZZO CONTRACTORS
POSTA FALLS, ID 83854

SBA Loan Lender

STERLING SAVINGS BANK
1233 NORTHWOOD CENTER CT
COEUR D'ALENE, ID 83814

This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with getting a loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

238340 - Tile and Terrazzo Contractors

Loan Approval Date

7/22/2003

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

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 2 employees. The SBA loan documents did not indicate that the business planned to use the money to hire new employees or retain any existing employees.

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

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

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $50,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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SBA Banks in Coeur D'Alene, Idaho

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