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December 20, 2024 |
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| Home > Small Business Lenders by State > Montana Business Loan Sources > Butte, Business Loans > First Citizens Bank Of Butte Butte Business Loans > Fabricated Structural Metal Manufacturing Loan | ||||
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Butte Bank Loan
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Butte, Montana Lender Lends Money to Fabricated Structural Metal Manufacturing CompanyThinking about meeting with a Butte, Montana bank about an SBA loan? Here's one Montana business loan, issued by a Butte bank, that was approved by the SBA. Applying for an SBA loan with First Citizens Bank Of Butte worked out well for our friends at one local firm in Anaconda, Montana. They received an SBA loan for $575,000. Way to go! SBA Loan Borrower COMPANY TYPE: FABRICATED STRUCTURAL METAL MANUFACTURING SBA Loan Lender FIRST CITIZENS BANK OF BUTTE SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 332312 - Fabricated Structural Metal Manufacturing Loan Approval Date 2/5/2002 Loan Approval Gross Amount $575,000 Loan Approval from the SBA Of the total $575,000 loan amount, the SBA guaranteed $431,250. 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 66 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the money to add employees or retain any existing employees. Getting an SBA Loan For Your Business Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $575,000 loan. Remember, things become real when you believe you can achieve them! 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: Role of Business Plan When Raising Money
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