Billings, Montana Entrepreneur Gets a Business Loan

MontanaBank loans are available to Montana firms through the SBA. In this case, a Montana bank provides the loan.

Getting a small business loan in Billings, Montana was a top priority for this loan applicant back in 2008 and, based on their loan application, they were successful in getting an SBA loan from Yellowstone Bank. Here are the details on this Montana small business loan.

SBA Loan Borrower

COMPANY TYPE: DENTAL LABORATORIES
BILLINGS, MT 59102

SBA Loan Lender

YELLOWSTONE BANK
12 1ST AVE
LAUREL, MT 59044

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

339116 - Dental Laboratories

Loan Approval Date

2/19/2008

Loan Approval Gross Amount

$525,000

Loan Approval from the SBA

Of the total $525,000 loan amount, the SBA guaranteed $393,750.

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 19 employees. This SBA loan request indicated that the loan would help retain 19 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

If you need money to start business in Billings MT, you ought to talk with a local Billings SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Billings businesses.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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:

Angel Investors

Find an SBA Lender in Laurel, Montana

SBA Lenders in Montana