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November 15, 2024 |
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| Home > Small Business Lenders by State > Montana Business Loan Sources > Billings, Business Loans > First Interstate Bank Billings Business Loans > Beauty Salons Loan | ||||
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Montana SBA 7A Lenders
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Billings, Montana Lender Lends Money to Beauty Salons CompanyThinking about meeting with a Billings, Montana bank about a business loan? Here's one Montana business loan, issued by a Billings bank, that was approved by the SBA. Applying for an SBA loan with First Interstate Bank worked out well for our friends at one local firm in Browning, Montana. They received an SBA loan for $21,000. Way to go! SBA Loan Borrower COMPANY TYPE: BEAUTY SALONS SBA Loan Lender FIRST INTERSTATE 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. NAICS Code 812112 - Beauty Salons Loan Approval Date 10/3/2007 Loan Approval Gross Amount $21,000 Loan Approval from the SBA Of the total $21,000 loan amount, the SBA guaranteed $10,500. 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 3 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 3 existing jobs. Start the Process for Getting an SBA Loan Today! Many small businesses receive loans backed by the U.S. Small Business Administration. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $21,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: SBA Approved Banks in Billings, Montana
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