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December 22, 2024 |
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| Home > Small Business Lenders by State > Montana Business Loan Sources > Billings, Business Loans > Western Security Bank Billings Business Loans > Car Washes Loan | ||||
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Requirements for Businesses On Getting a Loan
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Car Washes LoansLooking for loans for car washes? An SBA loan may be just what you've been looking for. This $159,000 car washes loan was issued by a Montana bank. Getting a small business loan in Billings, Montana was important for this company back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Western Security Bank, operating out of Billings, Montana. Here are the details on this Montana small business loan. SBA Loan Borrower COMPANY TYPE: CAR WASHES SBA Loan Lender WESTERN SECURITY BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811192 - Car Washes Loan Approval Date 8/14/2007 Loan Approval Gross Amount $159,000 Loan Approval from the SBA Of the total $159,000 loan amount, the SBA guaranteed $119,250. 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 3 employees. The SBA loan application for the borrower indicated that the loan would help retain 3 existing jobs. Great, But How Can I Get an SBA Loan for My Business? 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. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Best Banks in Billings, Montana
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