Ririe, ID Entrepreneur Gets SBA Loan to Buy Sinclair Service Station Franchise

Borrowing money to buy a Sinclair Service Station franchise? Bank Of Idaho has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Sinclair Service Station franchise is doable. In 2004, Bank Of Idaho issued an SBA franchise loan to an entrepreneur in Ririe, Idaho. Because Sinclair Service Station was registered with the SBA's registry of franchises, this Idaho small business loan was issued on an expedited basis.

SBA Loan Borrower

HILLVIEW SINCLAIR
RIRIE, ID 83443

SBA Loan Lender

BANK OF IDAHO
2117 NIAGRA
IDAHO FALLS, ID 83404

This lender issued this business loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5541 - Gasoline Service Stations

NAICS Code

447110 - Gasoline Stations with Convenience Stores

Loan Approval Date

7/7/2004

Loan Approval Gross Amount

$430,000

Loan Approval from the SBA

Of the total $430,000 loan amount, the SBA guaranteed $322,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Sinclair Service Station franchise. At the time of the loan, the company had 8 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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 7A Banks in Idaho Falls, Idaho

Idaho SBA Banks