Entrepreneur Works With Sandpoint, Idaho Bank to Get an SBA Loan

Thinking about meeting with a Sandpoint, Idaho bank about a small business loan? Here's one Idaho business loan, issued by a Sandpoint bank, that was approved by the SBA.

Applying for an SBA loan with U.S. Bank National Association worked out well for our friends at one local firm in Priest River, Idaho. The business was able to get an SBA loan for $375,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: WOOD PARTITIONS AND FIXTURES
PRIEST RIVER, ID 83856

SBA Loan Lender

U.S. BANK NATIONAL ASSOCIATION
201 MAIN ST
SANDPOINT, ID 83864

This loan for a small business was issued under the SBA's Certified Lenders Program (CLP), which means that this bank has a successful SBA lending background and are well trained in SBA loan requirements.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2541 - Wood Partitions and Fixtures

Loan Approval Date

3/14/2000

Loan Approval Gross Amount

$375,000

Loan Approval from the SBA

Of the total $375,000 loan amount, the SBA guaranteed $281,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 38 employees. This SBA loan request did not indicate that the small business planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like U.S. Bank National Association that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Accountant's Role in Securing Financing

Best Sandpoint, Idaho Banks for Small Business

SBA Lenders in Idaho