Company Gets an Idaho Business Loan

Want an Idaho SBA loan? This Idaho entrepreneur got an SBA loan, provided by an Idaho bank that works with the SBA to help small business owners.

Getting a small business loan in Twin Falls, Idaho was a top priority for this particular business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from D. L. Evans Bank. Here are the details on this Idaho small business loan.

SBA Loan Borrower

COMPANY TYPE: MUSICAL INSTRUMENTS
TWIN FALLS, ID 83301

SBA Loan Lender

D. L. EVANS BANK
222 MAIN AVE SOUTH
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.

SIC Code

3931 - Musical Instruments

NAICS Code

339992 - Musical Instrument Manufacturing

Loan Approval Date

7/27/2000

Loan Approval Gross Amount

$144,600

Loan Approval from the SBA

Of the total $144,600 loan amount, the SBA guaranteed $108,450.

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 3 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from D. L. Evans Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Small Business Credit Cards

Best Banks for Small Business in Twin Falls, Idaho

Idaho SBA Bank Lenders