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December 22, 2024 |
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| Home > Small Business Lenders by State > Montana Business Loan Sources > San Jose, Business Loans > Wells Fargo Bank San Jose Business Loans > Breweries Loan | ||||
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How Hard Is It to Get a Small Business Loan in Belgrade, Montana?
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Getting an SBA Loan for BreweriesWith these SBA loans for breweries, the SBA guarantees the lender that the loan will be repaid. This breweries loan for $35,000 was given to a Montana entrepreneur in 2006. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Belgrade, Montana was able to borrow $35,000 from Wells Fargo Bank. The SBA made the loan possible by guaranteeing $17,500 of this Montana small business loan. SBA Loan Borrower COMPANY TYPE: BREWERIES SBA Loan Lender WELLS FARGO BANK The lender provided this bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 312120 - Breweries Loan Approval Date 4/27/2006 Loan Approval Gross Amount $35,000 Loan Approval from the SBA Of the total $35,000 loan amount, the SBA guaranteed $17,500. 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 5 employees. The loan application indicated that the loan would help generate 1 new job and retain 6 existing jobs. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Wells Fargo Bank 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. Related Links: Best Banks in San Jose, California
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