Business Loan from First National Bank - Montana Inc. Given to Site Preparation Contractors Company

An SBA loan from First National Bank - Montana Inc. typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Anaconda, Montana business owner got a $30,000 loan.

Getting a small business loan in Anaconda, Montana was an essential business goal for this firm 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: SITE PREPARATION CONTRACTORS
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

238910 - Site Preparation Contractors

Loan Approval Date

7/28/2003

Loan Approval Gross Amount

$30,000

Loan Approval from the SBA

Of the total $30,000 loan amount, the SBA guaranteed $25,500.

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 2 employees. The loan application did not indicate that the company promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are working on finding money to start a business in Anaconda MT, you ought to talk with a local Anaconda SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Anaconda 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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