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November 21, 2024 |
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| Home > Small Business Lenders by State > Montana Business Loan Sources > Spokane, Business Loans > Sterling Savings Bank Spokane Business Loans > Automotive Repair And Maintenance Loan | ||||
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Sterling Savings Bank
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SBA Loan from Sterling Savings Bank Helps Automotive Repair And Maintenance CompanySterling Savings Bank has a track record as a leading provider of SBA loans. Find out how this Montana entrepreneur received an SBA loan from them. Getting a small business loan in Columbus, Montana was an essential business goal for this small business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Sterling Savings Bank, operating out of Spokane, Washington. Here are the details on this Montana small business loan. SBA Loan Borrower COMPANY TYPE: AUTOMOTIVE REPAIR AND MAINTENANCE SBA Loan Lender STERLING SAVINGS BANK This lender issued this loan for a small business under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 811198 - Automotive Repair and Maintenance Loan Approval Date 1/14/2004 Loan Approval Gross Amount $410,000 Loan Approval from the SBA Of the total $410,000 loan amount, the SBA guaranteed $307,500. 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 10 employees. The SBA loan documents did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. 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 Sterling Savings Bank 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. Related Links: SBA 7A Banks in Spokane, Washington Find an SBA Lender in Washington
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