Entrepreneur Works With Billings, Montana Bank to Get an SBA Loan
Get small business loans from a Billings, Montana bank that knows how to treat small business owners right! If this firm 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: CONSUMER GOODS RENTAL
BILLINGS, MT 59102
SBA Loan Lender
WESTERN SECURITY BANK
2929 3RD AVE NORTH
BILLINGS, MT 59101
This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
532299 - Consumer Goods Rental
Loan Approval Date
2/27/2008
Loan Approval Gross Amount
$10,000
Loan Approval from the SBA
Of the total $10,000 loan amount, the SBA guaranteed $5,000.
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 3 employees. The SBA loan documents indicated that the loan would help retain 3 existing jobs.
Next Steps for Getting an SBA Loan
Many small businesses receive loans backed by the U.S. Small Business Administration.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Western Security Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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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