Bozeman, Montana Bank Lends Money to Musical Instrument Manufacturing Company in Belgrade, Montana

Want to talk with a Bozeman, Montana bank about a small business loan? Here's one Montana business loan, issued by a Bozeman bank, that was approved by the SBA.

Applying for an SBA loan with First Security Bank worked out well for our friends at one local business in Belgrade, Montana. The business was able to get an SBA loan for $50,000. Nice!

SBA Loan Borrower

COMPANY TYPE: MUSICAL INSTRUMENT MANUFACTURING
BELGRADE, MT 59714

SBA Loan Lender

FIRST SECURITY BANK
208 E MAIN ST
BOZEMAN, MT 59715

This SBA bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

339992 - Musical Instrument Manufacturing

Loan Approval Date

6/19/2003

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $37,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 25 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First Security Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First Security Bank 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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