Get an SBA Loan for Costume Jewelry and Novelty Manufacturing

With these small business 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 $30,000 was given to a Montana entrepreneur in 2001.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Columbus, Montana was able to borrow $30,000 from Yellowstone Bank. The SBA made the loan possible by guaranteeing $25,500 of this Montana small business loan.

SBA Loan Borrower

COMPANY TYPE: COSTUME JEWELRY AND NOVELTY MANUFACTURING
COLUMBUS, MT 59019

SBA Loan Lender

YELLOWSTONE BANK
544 PIKE AVE
COLUMBUS, MT 59019

This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with borrowing money. The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

339914 - Costume Jewelry and Novelty Manufacturing

Loan Approval Date

9/20/2001

Loan Approval Gross Amount

$30,000

Loan Approval from the SBA

Of the total $30,000 loan amount, the SBA guaranteed $25,500.

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 only one employee. The SBA loan application for the borrower did not indicate that the small business planned to use the money to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Yellowstone Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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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