Firm Gets an Idaho Business Loan

Would an Idaho small business loan help your small business to grow and prosper? If so, you may want to talk with this Idaho bank, which offers SBA loans to Idaho entrepreneurs.

You can learn something about getting a small business loan in Wilder, Idaho by studying this loan to a local company, made back in 2000. Banks like Intermountain Commun Bank A Di may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

COMPANY TYPE: BEEF CATTLE FEEDLOTS
WILDER, ID 83676

SBA Loan Lender

INTERMOUNTAIN COMMUN BANK A DI
175 N 16TH ST
PAYETTE, ID 83661

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

0211 - Beef Cattle Feedlots

NAICS Code

112112 - Cattle Feedlots

Loan Approval Date

11/1/2000

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $112,500.

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 10 employees. The SBA loan documents did not indicate that the business planned to use the money to hire new 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.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Intermountain Commun Bank A Di that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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