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December 19, 2024 |
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| Home > Small Business Lenders by State > Montana Business Loan Sources > Billings, Business Loans > First Interstate Bank Billings Business Loans > Paint And Coating Manufacturing Loan | ||||
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Billings, Montana Bank Loan
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Montana SBA Loan Issued to Paint And Coating Manufacturing CompanyLooking to get a Montana bank loan? This Montana entrepreneur got a bank loan, provided by a Montana bank that works with the SBA to help small business owners. Getting a small business loan in Billings, Montana was a top priority for this loan applicant back in 2001 and, based on their loan application, they were successful in getting an SBA loan from First Interstate Bank. Here are the details on this Montana small business loan. SBA Loan Borrower COMPANY TYPE: PAINT AND COATING MANUFACTURING SBA Loan Lender FIRST INTERSTATE BANK 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 325510 - Paint and Coating Manufacturing Loan Approval Date 4/24/2001 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $85,000. 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 3 employees. This SBA loan request did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide smart, affordable business financing for small businesses looking to expand. If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from First Interstate Bank 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: SBA Approved Banks in Billings, Montana
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