Entrepreneur Works With Havre, Montana Bank to Get an SBA Loan

Want to talk with a Havre, Montana bank about an SBA loan? Here's one Montana business loan, issued by a Havre bank, that was approved by the SBA.

Applying for an SBA loan with Independence Bank worked out well for our friends at one local business in Box Elder, Montana. They got an SBA loan for $148,500. Sweet!

SBA Loan Borrower

COMPANY TYPE: CONVENIENCE STORES
BOX ELDER, MT 59521

SBA Loan Lender

INDEPENDENCE BANK
435 THIRD ST
HAVRE, MT 59501

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445120 - Convenience Stores

Loan Approval Date

1/16/2001

Loan Approval Gross Amount

$148,500

Loan Approval from the SBA

Of the total $148,500 loan amount, the SBA guaranteed $126,225.

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 13 employees. The loan application did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are working on finding money to start a business in Box Elder MT, you ought to talk with a local Box Elder SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Box Elder businesses.

This SBA loan was for $148,500. How would you spend $148,500 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

The Art of Bootstrapping

SBA 7A Lenders in Havre, Montana

SBA Participating Banks in Montana