Drilling Oil and Gas Wells Loans

Looking for loans for drilling oil and gas wells? An SBA loan may be just what you've been looking for. This $161,800 drilling oil and gas wells loan was issued by a Montana bank.

Getting a small business loan in Bighorn, Montana was important for this growing firm back in 2006 and, based on their loan application, they were successful in getting an SBA loan from First State Bank Of Forsyth, operating out of Forsyth, Montana. Here are the details on this Montana small business loan.

SBA Loan Borrower

COMPANY TYPE: DRILLING OIL AND GAS WELLS
BIGHORN, MT 59010

SBA Loan Lender

FIRST STATE BANK OF FORSYTH
880 MAIN ST
FORSYTH, MT 59327

This debt financing was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

213111 - Drilling Oil and Gas Wells

Loan Approval Date

1/24/2006

Loan Approval Gross Amount

$161,800

Loan Approval from the SBA

Of the total $161,800 loan amount, the SBA guaranteed $80,900.

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 3 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 1 existing job.

Getting an SBA Loan For Your Business

If you need money to start a business or need money to grow a business, an SBA loan can be a great funding source

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $161,800 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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