Business Loans for Floor Covering Stores

Looking for business loans for floor covering stores? Talk to a banker who works with the SBA. This $45,000 floor covering stores loan was issued by a Montana bank.

Getting a small business loan in Choteau, Montana was important for this business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Cit. St. Bank - Choteau Montana, operating out of Choteau, Montana. Here are the details on this Montana small business loan.

SBA Loan Borrower

COMPANY TYPE: FLOOR COVERING STORES
CHOTEAU, MT 59422

SBA Loan Lender

CIT. ST. BANK - CHOTEAU MONTANA
201 N MAIN ST
CHOTEAU, MT 59422

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

442210 - Floor Covering Stores

Loan Approval Date

3/12/2002

Loan Approval Gross Amount

$45,000

Loan Approval from the SBA

Of the total $45,000 loan amount, the SBA guaranteed $38,250.

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 only one employee. The loan application did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Cit. St. Bank - Choteau Montana and they will explain how you can get an SBA loan for your company.

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:

Role of Business Plan When Raising Money

Find an SBA Lender in Choteau, Montana

Montana SBA Banks