Loan to Buy Mad Science Group Franchise Issued By Stockman Bank Of Montana

Need money to purchase a Mad Science Group franchise? Stockman Bank Of Montana has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Belfry, Montana needed money to invest in a Mad Science Group franchise back in 2006. Stockman Bank Of Montana issued an SBA franchise loan. Here are the details on this Montana small business loan.

SBA Loan Borrower

MAD SCIENCE OF MONTANA
BELFRY, MT 59008

SBA Loan Lender

STOCKMAN BANK OF MONTANA
2700 KING AVE WEST
BILLINGS, MT 59102

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

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

611110 - Elementary and Secondary Schools

Loan Approval Date

7/26/2006

Loan Approval Gross Amount

$32,700

Loan Approval from the SBA

Of the total $32,700 loan amount, the SBA guaranteed $27,795.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Mad Science Group franchise. At the time of the loan, the company had 10 employees. This SBA loan request did not indicate that the company promised to use the money to hire new employees or retain any existing employees.

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

Although it's called an SBA loan, you 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.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Stockman Bank Of Montana that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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