Billings, Montana Lender Lends Money to Computer Related Services Company

Get to know Billings, Montana banks that specialize in small business loans and know how to work with entrepreneurs. Rocky Mountain Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Bigfork, Montana starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from Rocky Mountain Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: COMPUTER RELATED SERVICES
BIGFORK, MT 59911

SBA Loan Lender

ROCKY MOUNTAIN BANK
2615 KING AVE WEST
BILLINGS, MT 59102

This lender processed this loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

541519 - Computer Related Services

Loan Approval Date

8/4/2006

Loan Approval Gross Amount

$37,062

Loan Approval from the SBA

Of the total $37,062 loan amount, the SBA guaranteed $18,531.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

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.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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