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

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

Applying for an SBA loan with First State Bank Of Forsyth worked out well for our friends at one local business in Busby, Montana. The business was able to get an SBA loan for $74,500. Sweet!

SBA Loan Borrower

COMPANY TYPE: SITE PREPARATION CONTRACTORS
BUSBY, MT 59016

SBA Loan Lender

FIRST STATE BANK OF FORSYTH
880 MAIN ST
FORSYTH, MT 59327

The lender provided this loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

238910 - Site Preparation Contractors

Loan Approval Date

1/13/2006

Loan Approval Gross Amount

$74,500

Loan Approval from the SBA

Of the total $74,500 loan amount, the SBA guaranteed $37,250.

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 3 employees. The SBA loan application for the borrower indicated that the loan would help retain 3 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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