Cooke City, Montana Entrepreneur Gets a Bank Loan
MontanaSmall business loans are available to Montana small business owners through the SBA. In this case, a Montana bank provides the loan.
This small business, based in Cooke City, Montana, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Stockman Bank Of Montana. We've got the inside scoop on this Montana small business loan.
SBA Loan Borrower
COMPANY TYPE: RECREATIONAL GOODS RENTAL
COOKE CITY, MT 59020
SBA Loan Lender
STOCKMAN BANK OF MONTANA
101 S CENTRAL AVE
SIDNEY, MT 59270
This lender provides SBA commercial loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
532292 - Recreational Goods Rental
Loan Approval Date
1/3/2002
Loan Approval Gross Amount
$100,000
Loan Approval from the SBA
Of the total $100,000 loan amount, the SBA guaranteed $75,000.
More Information on This SBA Loan
The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company
had 2 employees. The loan application indicated that the loan would help create 2 new jobs.
Next Steps for Getting an SBA Loan
If you need money to start business in Cooke City MT, you ought to talk with a local Cooke City SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Cooke City businesses.
Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Stockman Bank Of Montana that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).
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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