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November 15, 2024 |
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| Home > Small Business Lenders by State > Montana Business Loan Sources > Missoula, Business Loans > First Security Bank - Missoula Missoula Business Loans > Homefurnishings Loan | ||||
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Missoula Lenders
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Missoula, Montana Bank Gives SBA Loan to Homefurnishings CompanyWant to talk with a Missoula, Montana bank about an SBA loan? Here's one Montana business loan, issued by a Missoula bank, that was approved by the SBA. Applying for an SBA loan with First Security Bank - Missoula worked out well for our friends at one local company in Bozeman, Montana. They got an SBA loan for $355,000. Way to go! SBA Loan Borrower COMPANY TYPE: HOMEFURNISHINGS SBA Loan Lender FIRST SECURITY BANK - MISSOULA 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. SIC Code 5023 - Homefurnishings Loan Approval Date 6/8/2000 Loan Approval Gross Amount $355,000 Loan Approval from the SBA Of the total $355,000 loan amount, the SBA guaranteed $266,250. 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 7 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 5 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide money to small business owners for working capital for other expenses. We can help you find the best banks for small businesses in Bozeman 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: Small Business Banks in Missoula, Montana
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