Twin Falls, Idaho Business Gets SBA-Guaranteed Funding from Farmers National Bank - Buhl

An SBA loan from Farmers National Bank - Buhl typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Twin Falls, Idaho business owner got a $116,000 loan.

This growing company received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Farmers National Bank - Buhl, out of Twin Falls, Idaho. The loan was granted and they received $116,000 to help grow their Twin Falls, Idaho business.

SBA Loan Borrower

COMPANY TYPE: FLORICULTURE PRODUCTION
TWIN FALLS, ID 83303

SBA Loan Lender

FARMERS NATIONAL BANK - BUHL
890 SHOSHORE ST EAST
TWIN FALLS, ID 83301

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.

NAICS Code

111422 - Floriculture Production

Loan Approval Date

11/1/2002

Loan Approval Gross Amount

$116,000

Loan Approval from the SBA

Of the total $116,000 loan amount, the SBA guaranteed $98,600.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 11 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the funding to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great source of funding.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Farmers National Bank - Buhl had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Farmers National Bank - Buhl made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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