Billings, Montana Entrepreneur Gets an SBA Loan
MontanaSmall business loans are available to Montana small business owners through the SBA. In this case, a Montana bank provides the loan.
By giving the right information to First Cit. Bank - Billings, this Billings, Montana business was able to get an SBA loan. To get this loan, the loan applicant gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back.
SBA Loan Borrower
COMPANY TYPE: BOLTS, NUTS, SCREWS, RIVETS, AND WASHERS
BILLINGS, MT 59101
SBA Loan Lender
FIRST CIT. BANK - BILLINGS
2812 1ST AVE NORTH
BILLINGS, MT 59101
This lender issued this SBA small business loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
3452 - Bolts, Nuts, Screws, Rivets, and Washers
NAICS Code
332722 - Bolt, Nut, Screw, Rivet, and Washer Manufacturing
Loan Approval Date
2/3/2000
Loan Approval Gross Amount
$80,000
Loan Approval from the SBA
Of the total $80,000 loan amount, the SBA guaranteed $64,000.
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 7 employees. The loan application did not indicate that the company promised to use the funding to hire new employees or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
Every year, the SBA guarantees over $10 billion for loans just like this one.
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 First Cit. Bank - Billings 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:
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Banks in Billings, Montana
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