Billings, MT Entrepreneur Gets SBA Loan to Buy Street Corner News Franchise

Borrowing money to purchase a Street Corner News franchise? Little Horn State Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Street Corner News franchise? If so, here's a 2002 SBA franchise loan that you should know about. Little Horn State Bank was the lender and the entrepreneur was based in Billings, Montana.

SBA Loan Borrower

STREET CORNER NEWS
BILLINGS, MT 59105

SBA Loan Lender

LITTLE HORN STATE BANK
2850 OLD HARDIN RD
BILLINGS, MT 59107

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

445120 - Convenience Stores

Loan Approval Date

9/16/2002

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $51,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Street Corner News franchise. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the company promised to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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.

We can help you find the best banks for small businesses in Billings or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Street Corner

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SBA Approved Banks in Billings, Montana

SBA Participating Banks in Montana