Borrowing Money for Soft Drink Manufacturing

With these bank loans for soft drink manufacturing, the SBA guarantees the lender that the loan will be repaid. This soft drink manufacturing loan for $35,000 was given to a Montana entrepreneur in 2006.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Billings, Montana was able to borrow $35,000 from Stockman Bank Of Montana. The SBA made the loan possible by guaranteeing $29,750 of this Montana small business loan.

SBA Loan Borrower

COMPANY TYPE: SOFT DRINK MANUFACTURING
BILLINGS, MT 59102

SBA Loan Lender

STOCKMAN BANK OF MONTANA
700 MAIN ST
MILES CITY, MT 59301

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

312111 - Soft Drink Manufacturing

Loan Approval Date

4/17/2006

Loan Approval Gross Amount

$35,000

Loan Approval from the SBA

Of the total $35,000 loan amount, the SBA guaranteed $29,750.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 6 employees. The loan application indicated that the loan would help generate 6 new jobs and retain 6 existing jobs.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

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.

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