Oil and Gas Pipeline and Related Structures Construction Business Loans

With these business loans for oil and gas pipeline and related structures construction, the SBA guarantees the lender that the loan will be repaid. This oil and gas pipeline and related structures construction loan for $150,000 was given to a Montana entrepreneur in 2005.

This small business knew how to go about getting a business bank loan. Based in Billings, Montana, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Stockman Bank Of Montana, based in Sidney, Montana.

SBA Loan Borrower

COMPANY TYPE: OIL AND GAS PIPELINE AND RELATED STRUCTURES CONSTRUCTION
BILLINGS, MT 59102

SBA Loan Lender

STOCKMAN BANK OF MONTANA
101 S CENTRAL AVE
SIDNEY, MT 59270

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

7/21/2005

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $75,000.

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 45 employees. The SBA loan application for the borrower indicated that the loan would help retain 45 existing jobs.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a company 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.

We've showcased information on this loan to let you know that businesses like yours 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:

Bank Credit Lines

Small Business Banks in Sidney, Montana

Getting an SBA Loan in Montana