Sandpoint, Idaho Bank Gives SBA Loan to Wood Product Manufacturing Company

Thinking about meeting with a Sandpoint, Idaho bank about a 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 Panhandle State Bank worked out well for our friends at one local firm in Sandpoint, Idaho. They got an SBA loan for $637,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: WOOD PRODUCT MANUFACTURING
SANDPOINT, ID 83864

SBA Loan Lender

PANHANDLE STATE BANK
231 N THIRD
SANDPOINT, ID 83864

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

321999 - Wood Product Manufacturing

Loan Approval Date

5/9/2005

Loan Approval Gross Amount

$637,000

Loan Approval from the SBA

Of the total $637,000 loan amount, the SBA guaranteed $477,750.

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 23 employees. This SBA loan request indicated that the loan would help generate 10 new jobs and retain 33 existing jobs.

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.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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 - Friends and Family

SBA Participating Banks in Sandpoint, Idaho

Getting an SBA Loan in Idaho