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November 15, 2024 |
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| Home > Small Business Lenders by State > Montana Business Loan Sources > Billings, Business Loans > Yellowstone Bank Billings Business Loans > Wood Kitchen Cabinets Loan | ||||
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Raising Money in Billings, Montana With SBA Loans
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Growing Company Gets a Montana Bank LoanMontanaBank loans are available to Montana firms through the SBA. In this case, a Montana bank provides the loan. You can learn something about getting a small business loan in Billings, Montana by studying this loan to a local company, made back in 2000. Banks like Yellowstone Bank may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: WOOD KITCHEN CABINETS SBA Loan Lender YELLOWSTONE BANK 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. SIC Code 2434 - Wood Kitchen Cabinets NAICS Code 337110 - Wood Kitchen Cabinet and Countertop Manufacturing Loan Approval Date 6/22/2000 Loan Approval Gross Amount $101,600 Loan Approval from the SBA Of the total $101,600 loan amount, the SBA guaranteed $50,800. 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 10 employees. The loan application indicated that the loan would help retain 10 existing jobs. Great, But How Can I Get an SBA Loan for My Business? Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Yellowstone Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Best Billings, Montana Banks for Small Business
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