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November 15, 2024 |
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| Home > Small Business Lenders by State > Montana Business Loan Sources > Billings, Business Loans > Yellowstone Bank Billings Business Loans > Wood Products Loan | ||||
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SBA Lenders in Montana
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Yellowstone Bank SBA Loan to Wood Products CompanyYellowstone Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Montana entrepreneur who tapped into the power of SBA loans. Getting a small business loan in Billing, Montana was an essential business goal for this company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Yellowstone Bank, operating out of Billings, Montana. Here are the details on this Montana small business loan. SBA Loan Borrower COMPANY TYPE: WOOD PRODUCTS 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 2499 - Wood Products Loan Approval Date 7/24/2000 Loan Approval Gross Amount $59,500 Loan Approval from the SBA Of the total $59,500 loan amount, the SBA guaranteed $47,600. 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 2 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide smart, affordable business financing for small businesses looking to expand. 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 Yellowstone Bank 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: Where to Get an SBA Loan in Billings, Montana
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