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November 15, 2024 |
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| Home > Small Business Lenders by State > Montana Business Loan Sources > Sidney, Business Loans > Stockman Bank Of Montana Sidney Business Loans > Oil And Gas Pipeline And Related Structures Construction Loan | ||||
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Business Loans for Billings Entrepreneurs
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Where to Get Capital for Oil and Gas Pipeline and Related Structures ConstructionLooking for SBA loans for oil and gas pipeline and related structures construction? Talk to a banker who works with the SBA. This $350,000 oil and gas pipeline and related structures construction loan was issued by a Montana bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Billings, Montana was able to borrow $350,000 from Stockman Bank Of Montana. The SBA made the loan possible by guaranteeing $175,000 of this Montana small business loan. SBA Loan Borrower COMPANY TYPE: OIL AND GAS PIPELINE AND RELATED STRUCTURES CONSTRUCTION SBA Loan Lender STOCKMAN BANK OF MONTANA 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 237120 - Oil and Gas Pipeline and Related Structures Construction Loan Approval Date 4/19/2006 Loan Approval Gross Amount $350,000 Loan Approval from the SBA Of the total $350,000 loan amount, the SBA guaranteed $175,000. More Information on This SBA Loan The borrower borrowed this money for a new 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 10 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan If you need money to start a business or need money for an existing business, an SBA loan can be a great way to raise money If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from Stockman Bank Of Montana so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Who Lends Money to Small Businesses in Sidney, Montana
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