Loan Census Banking News and Information
December 19, 2024  
 
 
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Stockman Bank Of Montana

 

 
Loan Census SBA Loan Info

SBA Loan from Stockman Bank Of Montana Helps Animal Slaughtering Company

An SBA loan from Stockman Bank Of Montana typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Columbus, Montana business owner got a $41,250 loan.

This small firm received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Stockman Bank Of Montana, out of Billings, Montana. The loan was granted and they received $41,250 to help grow their Columbus, Montana business.

SBA Loan Borrower

COMPANY TYPE: ANIMAL SLAUGHTERING
COLUMBUS, MT 59019

SBA Loan Lender

STOCKMAN BANK OF MONTANA
2700 KING AVE WEST
BILLINGS, MT 59102

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

311611 - Animal Slaughtering

Loan Approval Date

7/1/2003

Loan Approval Gross Amount

$41,250

Loan Approval from the SBA

Of the total $41,250 loan amount, the SBA guaranteed $30,938.

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 9 employees. This SBA loan request did not indicate that the company promised to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

We can help you find the best banks for small businesses in Columbus 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:

Obtaining Funding - How to Borrow Money

SBA Participating Banks in Billings, Montana

Montana SBA 7A Lenders