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December 20, 2024 |
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| Home > Small Business Lenders by State > Idaho Business Loan Sources > Twin Falls, Business Loans > Magic Valley Bank A Division - Twin Falls Business Loans > Eating Places Loan | ||||
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Idaho SBA 7A Lenders
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Twin Falls, Idaho Lender Lends Money to Eating Places CompanyGet business loans from a Twin Falls, Idaho bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too. Magic Valley Bank A Division - is a Twin Falls, Idaho small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to an Idaho company. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender MAGIC VALLEY BANK A DIVISION - This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places Loan Approval Date 3/31/2000 Loan Approval Gross Amount $39,600 Loan Approval from the SBA Of the total $39,600 loan amount, the SBA guaranteed $31,680. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The loan application did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Magic Valley Bank A Division - are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Where to Get an SBA Loan in Twin Falls, Idaho
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