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December 21, 2024 |
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| Home > Small Business Lenders by State > Idaho Business Loan Sources > Richmond, Business Loans > Business Loan Center, LLC Richmond Business Loans > Hunting And Trapping Loan | ||||
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Best Banks for Roberts, Idaho Entrepreneurs
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Raising Money for Hunting and TrappingLooking for business loans for hunting and trapping? The SBA may be the answer. This $996,000 hunting and trapping loan was issued by a Virginia bank. This business received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Business Loan Center, LLC, out of Richmond, Virginia. The loan was granted and they received $996,000 to help grow their Roberts, Idaho business. SBA Loan Borrower COMPANY TYPE: HUNTING AND TRAPPING SBA Loan Lender BUSINESS LOAN CENTER, LLC 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 114210 - Hunting and Trapping Loan Approval Date 12/5/2000 Loan Approval Gross Amount $996,000 Loan Approval from the SBA Of the total $996,000 loan amount, the SBA guaranteed $747,000. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help generate 5 new jobs and retain 6 existing jobs. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Business Loan Center, LLC and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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:
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