The Bank of Commerce
The Bank of Commerce is an active SBA lender in Idaho, a bank offering SBA-guaranteed small-business loans. Currently rated 4.1 stars across 19 Google reviews.
About The Bank of Commerce
The Bank of Commerce offers comprehensive SBA lending services tailored to small businesses seeking financial support for growth, working capital, or expansion. With a focus on personalized service, the bank provides SBA 7(a) loans, which are ideal for a variety of business needs including equipment purchase, real estate acquisition, and refinancing. Their experienced lending team guides clients through the application process, ensuring clarity and efficiency. The bank supports businesses in the Idaho Falls area and beyond, offering flexible terms and competitive rates. Whether you're a startup or an established company, they aim to help you achieve your financial goals with tailored solutions and dedicated support. Their SBA program history reflects a strong track record of successful loan approvals, making them a reliable partner for your business financing needs. They also provide guidance on eligibility, documentation, and the application process to streamline your experience. The bank's commitment to small business growth is evident through their ongoing support and community involvement, fostering economic development in the region.
Serves SBA borrowers in 3 states
The Bank of Commerce has funded SBA loans for businesses in these states, by borrower location. Tap a state to see every lender serving it.
Industries The Bank of Commerce finances
Business types The Bank of Commerce actively lends to, from its SBA loan history. Tap one to see every lender serving it.
Common questions about The Bank of Commerce
What is this place and what can I find here?
This is a commercial bank offering SBA lending services, including 7(a) loans, to help small businesses access financing for various needs. You can find information on loan programs, application processes, and support services tailored to small business owners. The bank provides personalized guidance to assist you through every step of securing funding for growth or expansion.
Do I need an appointment or can I walk in?
It is recommended to schedule an appointment to ensure dedicated time with a loan officer, but walk-in consultations may also be available during business hours. Calling ahead can help you prepare and streamline your visit.
What are the hours of operation?
The Bank of Commerce is open Monday through Thursday from 8:00 AM to 5:00 PM and Friday from 8:00 AM to 6:00 PM. Please confirm current hours with the bank.
Is there a fee to use this?
There are no fees for consulting or initial inquiries. However, loan processing and closing may involve fees such as guarantee fees, application fees, and closing costs, which are disclosed during the application process.
Who is this open to — anyone, or only residents/members?
The bank primarily serves residents and small business owners within its regional area, but eligibility for SBA loans is based on business criteria rather than residency alone. Non-residents may also qualify if they meet the program requirements.
What minimum personal credit score does this bank look for in a guarantor?
A minimum personal credit score of around 650 is generally recommended, but the exact requirement may vary depending on the loan specifics and the overall financial profile of the borrower.
How long does the traditional underwriting process take from start to close?
The underwriting process typically takes between 30 to 60 days, depending on the complexity of the application and completeness of documentation submitted.
Is this open on weekends?
Most banks keep weekday business hours and are closed on weekends, and The Bank of Commerce typically follows the same pattern. SBA lending staff are generally reachable Monday through Friday. A few locations offer Saturday or by-appointment hours, so call The Bank of Commerce to confirm current weekend availability before you go.
How do I get there and where do I park?
The Bank of Commerce is located in Idaho — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.
Who owns or operates this listing?
This page is an independent directory listing for The Bank of Commerce, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by The Bank of Commerce itself, which runs its own lending under its own ownership. If you work at The Bank of Commerce, you can claim this listing from this page to manage it.
How current is the information on this page?
The core details for The Bank of Commerce — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with The Bank of Commerce before applying. If you represent The Bank of Commerce, claim this listing to keep its information up to date.
How do I contact this listing directly?
You can reach The Bank of Commerce by phone at (208) 525-9163 or use their contact form at bofc.bank/about-bofc/contact-us.html. Please confirm your business lending needs directly with the bank.
What core industries does this commercial bank traditionally choose to finance?
Based on its approved SBA loans, The Bank of Commerce most often finances businesses in construction & contractors, medical practices & clinics, general retail, transportation & trucking, restaurants & food service, and automotive repair & services. This reflects The Bank of Commerce's real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with The Bank of Commerce which sectors it actively lends to before you apply.
Can I apply for an SBA Express line of credit at this branch?
SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether The Bank of Commerce participates in SBA Express depends on its specific SBA lending authority. Contact The Bank of Commerce and ask if it offers SBA Express and what the current limits and terms look like for your situation.
Does this bank have Preferred Lender Provider status with the government?
SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. The Bank of Commerce can confirm its current PLP standing — ask before you apply if speed matters to you.
Are start-up companies eligible for financing at this traditional institution?
The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. The Bank of Commerce's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask The Bank of Commerce directly whether it considers start-up loans.
What are the typical down payment expectations for commercial real estate acquisitions?
For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask The Bank of Commerce what down payment it expects for your specific commercial real estate purchase.
Does this bank impose prepayment penalties on short-term working capital facilities?
SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask The Bank of Commerce to spell out any prepayment penalties before you sign.
Can I use loan proceeds from this bank to buy out an existing equity partner?
SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with The Bank of Commerce to confirm it qualifies and how to document it.
Will historical personal bankruptcies automatically disqualify my loan application here?
A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. The Bank of Commerce weighs this case by case under its own policy, so be upfront about your history and ask The Bank of Commerce how it evaluates prior bankruptcies.
