Billings, Montana Business Gets SBA-Guaranteed Funding from Stockman Bank Of Montana

An SBA loan from Stockman Bank Of Montana typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Billings, Montana business owner got a $600,000 loan.

Getting a small business loan in Billings, Montana was an essential business goal for this company back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Stockman Bank Of Montana, operating out of Billings, Montana. Here are the details on this Montana small business loan.

SBA Loan Borrower

COMPANY TYPE: CAMERA AND PHOTOGRAPHIC SUPPLIES STORES
BILLINGS, MT 59101

SBA Loan Lender

STOCKMAN BANK OF MONTANA
2700 KING AVE WEST
BILLINGS, MT 59102

This lender issued this SBA bank loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 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.

NAICS Code

443130 - Camera and Photographic Supplies Stores

Loan Approval Date

11/20/2001

Loan Approval Gross Amount

$600,000

Loan Approval from the SBA

Of the total $600,000 loan amount, the SBA guaranteed $450,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 30 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

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 $600,000 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.

Related Links:

Financing Your Business

Small Business Banks in Billings, Montana

SBA Participating Banks in Montana