Belgrade, Montana Lender Lends Money to Industrial Mold Manufacturing Company

Thinking about meeting with a Belgrade, Montana bank about a business loan? Here's one Montana business loan, issued by a Belgrade bank, that was approved by the SBA.

Applying for an SBA loan with Valley Bank - Belgrade A Branch worked out well for our friends at one local company in Belgrade, Montana. They got an SBA loan for $661,000. Nice!

SBA Loan Borrower

COMPANY TYPE: INDUSTRIAL MOLD MANUFACTURING
BELGRADE, MT 59714

SBA Loan Lender

VALLEY BANK - BELGRADE A BRANCH
98 N BROADWAY
BELGRADE, MT 59714

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

333511 - Industrial Mold Manufacturing

Loan Approval Date

3/14/2002

Loan Approval Gross Amount

$661,000

Loan Approval from the SBA

Of the total $661,000 loan amount, the SBA guaranteed $495,750.

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 13 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Valley Bank - Belgrade A Branch and they will explain how you can get an SBA loan for your company.

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:

Determining Proper Capital Structure for a Business

Banks in Belgrade, Montana

Getting an SBA Loan in Montana