Financing for Costume Jewelry and Novelty Manufacturing

With these commercial loans for costume jewelry and novelty manufacturing, the SBA guarantees the lender that the loan will be repaid. This costume jewelry and novelty manufacturing loan for $85,000 was given to a Montana entrepreneur in 2005.

Getting a small business loan in Butte, Montana was important for this business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from First Citizens Bank Of Butte, operating out of Butte, Montana. Here are the details on this Montana small business loan.

SBA Loan Borrower

COMPANY TYPE: COSTUME JEWELRY AND NOVELTY MANUFACTURING
BUTTE, MT 59701

SBA Loan Lender

FIRST CITIZENS BANK OF BUTTE
3220 HARRISON AVE
BUTTE, MT 59701

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

339914 - Costume Jewelry and Novelty Manufacturing

Loan Approval Date

1/31/2005

Loan Approval Gross Amount

$85,000

Loan Approval from the SBA

Of the total $85,000 loan amount, the SBA guaranteed $72,250.

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 5 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from First Citizens Bank Of Butte so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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Where to Get an SBA Loan in Butte, Montana

Getting an SBA Loan in Montana