Home Health Care Services SBA Loans

With these SBA loans for home health care services, the SBA guarantees the lender that the loan will be repaid. This home health care services loan for $40,000 was given to a Montana entrepreneur in 2003.

Getting a small business loan in Anaconda, Montana was important for this business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from First National Bank - Montana Inc., operating out of Anaconda, Montana. Here are the details on this Montana small business loan.

SBA Loan Borrower

COMPANY TYPE: HOME HEALTH CARE SERVICES
ANACONDA, MT 59711

SBA Loan Lender

FIRST NATIONAL BANK - MONTANA INC.
123 MAIN ST
ANACONDA, MT 59711

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.

NAICS Code

621610 - Home Health Care Services

Loan Approval Date

12/2/2003

Loan Approval Gross Amount

$40,000

Loan Approval from the SBA

Of the total $40,000 loan amount, the SBA guaranteed $34,000.

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 3 employees. This SBA loan request did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

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

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First National Bank - Montana Inc. had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First National Bank - Montana Inc. made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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