Get an SBA Loan for Commercial Bakeries

Looking for loans for commercial bakeries? Try the SBA. This $110,000 commercial bakeries loan was issued by an Idaho bank.

This company knew how to go about getting a business bank loan. Based in Rathdrum, Idaho, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was Panhandle State Bank, based in Coeur D'Alene, Idaho.

SBA Loan Borrower

COMPANY TYPE: COMMERCIAL BAKERIES
RATHDRUM, ID 83858

SBA Loan Lender

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

This SBA loan was issued under the SBA's Certified Lenders Program (CLP), which means that this lending institution has a successful SBA lending track record and a thorough understanding of SBA lending rules and regulations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

311812 - Commercial Bakeries

Loan Approval Date

12/9/2002

Loan Approval Gross Amount

$110,000

Loan Approval from the SBA

Of the total $110,000 loan amount, the SBA guaranteed $93,500.

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 3 employees. The loan application did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Panhandle State Bank 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:

Obtaining Funding - How to Decide How Much to Raise

Small Bank Loans in Coeur D'Alene, Idaho

Getting an SBA Loan in Idaho