Columbus, Montana Entrepreneur Gets a Business Loan

Would a Montana bank loan help help your firm avoid a serious cash crunch? If so, you may want to talk with this Montana bank, which offers SBA loans to Montana entrepreneurs.

Getting a small business loan in Columbus, Montana was a top priority for this loan applicant back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Yellowstone Bank. Here are the details on this Montana small business loan.

SBA Loan Borrower

COMPANY TYPE: SPECIALTY FOOD STORES
COLUMBUS, MT 59019

SBA Loan Lender

YELLOWSTONE BANK
544 PIKE AVE
COLUMBUS, MT 59019

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

445299 - Specialty Food Stores

Loan Approval Date

6/17/2003

Loan Approval Gross Amount

$40,000

Loan Approval from the SBA

Of the total $40,000 loan amount, the SBA guaranteed $34,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 15 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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