Anaconda, Montana Business Gets SBA-Guaranteed Funding from First National Bank - Montana Inc.

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 $243,000 loan.

Getting a small business loan in Anaconda, Montana was an essential business goal for this small business back in 2002 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: SPORTING GOODS STORES
ANACONDA, MT 59711

SBA Loan Lender

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

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan for a small business was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

451110 - Sporting Goods Stores

Loan Approval Date

5/15/2002

Loan Approval Gross Amount

$243,000

Loan Approval from the SBA

Of the total $243,000 loan amount, the SBA guaranteed $182,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The loan application did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees.

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

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

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.

Related Links:

Obtaining Funding - Getting Venture Capital

Where to Get an SBA Loan in Anaconda, Montana

Getting a Business Loan in Montana