Idaho Entrepreneur Secures Financing to Buy Radio Shack Franchise

Need a loan to buy a Radio Shack franchise? Panhandle State Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Radio Shack franchise shouldn't be overly burdensome. In 2005, Panhandle State Bank issued an SBA franchise loan to an entrepreneur in Wendell, Idaho. Because Radio Shack was registered with the SBA's registry of franchises, this Idaho small business loan was issued on an expedited basis.

SBA Loan Borrower

DEBARTOLO SATELLITE SYSTEMS
WENDELL, ID 83355

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

517110 - Wired Telecommunications Carriers

Loan Approval Date

8/30/2005

Loan Approval Gross Amount

$69,500

Loan Approval from the SBA

Of the total $69,500 loan amount, the SBA guaranteed $59,075.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Radio Shack franchise. At the time of the loan, the company had 3 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 4 existing jobs.

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

If you are interested in getting money to start a business or need money to grow a business, an SBA loan can be a great source of funding.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer 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.

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