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November 22, 2024 |
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| Home > Small Business Lenders by State > Montana Business Loan Sources > Columbus, Business Loans > Yellowstone Bank Columbus Business Loans > Crazy Mountain Electronics,Inc Loan | ||||
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How to Get SBA Loans in Big Timber, Montana
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Loan to Buy Radio Shack Franchise Issued By Yellowstone BankNeed a loan to invest in a Radio Shack franchise? Yellowstone Bank has a history of making these loans and they are guaranteed by the SBA. Want to borrow money to buy a Radio Shack franchise? If so, here's a 2000 SBA franchise loan that you should know about. Yellowstone Bank was the lender and the entrepreneur was based in Big Timber, Montana. SBA Loan Borrower CRAZY MOUNTAIN ELECTRONICS,INC SBA Loan Lender YELLOWSTONE BANK This was a Low Documentation SBA loan. The SBA started this program to reduce the paperwork associated with borrowing money. The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5731 - Radio, TV, and Consumer Electronics Retailing Loan Approval Date 5/16/2000 Loan Approval Gross Amount $128,000 Loan Approval from the SBA Of the total $128,000 loan amount, the SBA guaranteed $96,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Radio Shack franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Yellowstone Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: SBA 7A Banks for Columbus, Montana Loans
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