Loans for Logging

Looking for loans for logging? An SBA loan may be just what you've been looking for. This $38,700 logging loan was issued by a Montana bank.

This company received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with First Interstate Bank, out of Billings, Montana. The loan was granted and they received $38,700 to help grow their Billings, Montana business.

SBA Loan Borrower

COMPANY TYPE: LOGGING
BILLINGS, MT 59101

SBA Loan Lender

FIRST INTERSTATE BANK
730 MAIN ST
BILLINGS, MT 59105

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

113310 - Logging

Loan Approval Date

7/30/2003

Loan Approval Gross Amount

$38,700

Loan Approval from the SBA

Of the total $38,700 loan amount, the SBA guaranteed $32,895.

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 only one employee. This SBA loan request did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

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.

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