Billings, Montana Bank Gives SBA Loan to Car Washes Company

Get SBA loans from a Billings, Montana bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too.

Western Security Bank is a Billings, Montana small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Montana company.

SBA Loan Borrower

COMPANY TYPE: CAR WASHES
BILLINGS, MT 59105

SBA Loan Lender

WESTERN SECURITY BANK
1546 MAIN ST
BILLINGS, MT 59105

This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

811192 - Car Washes

Loan Approval Date

10/13/2005

Loan Approval Gross Amount

$572,050

Loan Approval from the SBA

Of the total $572,050 loan amount, the SBA guaranteed $429,038.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Western Security Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Western Security Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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