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November 15, 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 > Hardware Stores Loan | ||||
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Raising Money in Anaconda, Montana With SBA Loans
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Hardware Stores Commercial LoansLooking for commercial loans for hardware stores? An SBA loan may be just what you've been looking for. This $25,000 hardware stores loan was issued by a Montana bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Anaconda, Montana was able to borrow $25,000 from First Citizens Bank Of Butte. The SBA made the loan possible by guaranteeing $18,750 of this Montana small business loan. SBA Loan Borrower COMPANY TYPE: HARDWARE STORES SBA Loan Lender FIRST CITIZENS BANK OF BUTTE This SBA small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 444130 - Hardware Stores Loan Approval Date 1/9/2001 Loan Approval Gross Amount $25,000 Loan Approval from the SBA Of the total $25,000 loan amount, the SBA guaranteed $18,750. 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 6 employees. The loan application did not indicate that the small business promised to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Dealing With Venture Capitalists
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