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November 15, 2024 |
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| Home > Small Business Lenders by State > Montana Business Loan Sources > Laurel, Business Loans > Yellowstone Bank Laurel Business Loans > Building Finishing Contractors Loan | ||||
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Yellowstone Bank
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SBA Loan from Yellowstone Bank Helps Building Finishing Contractors 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. This small firm knew how to go about getting a business bank loan. Based in Billings, Montana, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was Yellowstone Bank, based in Laurel, Montana. SBA Loan Borrower COMPANY TYPE: BUILDING FINISHING CONTRACTORS SBA Loan Lender YELLOWSTONE BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 238390 - Building Finishing Contractors Loan Approval Date 3/3/2004 Loan Approval Gross Amount $13,000 Loan Approval from the SBA Of the total $13,000 loan amount, the SBA guaranteed $11,050. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a 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 company planned to use the money to add employees or retain any existing employees. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. This SBA loan was for $13,000. How would you spend $13,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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 Laurel, Montana Loans Getting an SBA Loan in Montana
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