Loan Census Banking News and Information
December 22, 2024  
 
 
  Business Loan Information  
 

How to Get SBA Loans in Columbus, Montana

 

 
Loan Census SBA Loan Info

Get an SBA Loan for Water Supply and Irrigation Systems

Looking for loans for water supply and irrigation systems? An SBA loan may be just what you've been looking for. This $30,700 water supply and irrigation systems loan was issued by a Montana bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Columbus, Montana was able to borrow $30,700 from Yellowstone Bank. The SBA made the loan possible by guaranteeing $26,095 of this Montana small business loan.

SBA Loan Borrower

COMPANY TYPE: WATER SUPPLY AND IRRIGATION SYSTEMS
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

221310 - Water Supply and Irrigation Systems

Loan Approval Date

3/2/2001

Loan Approval Gross Amount

$30,700

Loan Approval from the SBA

Of the total $30,700 loan amount, the SBA guaranteed $26,095.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Yellowstone Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Yellowstone Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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 Decide How Much to Raise

Good Banks for Small Business in Columbus, Montana

Browse All Business Loan Sources for Montana