Commercial Loans for Commercial and Industrial Machinery and Equipment Rental and Leasing

Looking for commercial loans for commercial and industrial machinery and equipment rental and leasing? The SBA may be the answer. This $690,000 commercial and industrial machinery and equipment rental and leasing loan was issued by a Montana bank.

This small business knew how to go about getting a business bank loan. Based in Bozeman, Montana, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Big Sky Western Bank, based in Bozeman, Montana.

SBA Loan Borrower

COMPANY TYPE: COMMERCIAL AND INDUSTRIAL MACHINERY AND EQUIPMENT RENTAL AND LEASING
BOZEMAN, MT 59718

SBA Loan Lender

BIG SKY WESTERN BANK
4150 VALLEY COMMONS DR
BOZEMAN, MT 59718

This lender provides SBA loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

532490 - Commercial and Industrial Machinery and Equipment Rental and Leasing

Loan Approval Date

8/8/2003

Loan Approval Gross Amount

$690,000

Loan Approval from the SBA

Of the total $690,000 loan amount, the SBA guaranteed $517,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 7 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 7 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Big Sky Western Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Big Sky Western Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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