Business Loans for Petroleum Bulk Stations and Terminals

With these business loans for petroleum bulk stations and terminals, the SBA guarantees the lender that the loan will be repaid. This petroleum bulk stations and terminals loan for $712,100 was given to a Montana entrepreneur in 2007.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Culbertson, Montana was able to borrow $712,100 from First Internatl Bank & Tr. The SBA made the loan possible by guaranteeing $534,075 of this Montana small business loan.

SBA Loan Borrower

COMPANY TYPE: PETROLEUM BULK STATIONS AND TERMINALS
CULBERTSON, MT 59218

SBA Loan Lender

FIRST INTERNATL BANK & TR
100 MAIN NORTH
WATFORD CITY, ND 58854

This lender issued this loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 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

424710 - Petroleum Bulk Stations and Terminals

Loan Approval Date

7/11/2007

Loan Approval Gross Amount

$712,100

Loan Approval from the SBA

Of the total $712,100 loan amount, the SBA guaranteed $534,075.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 8 employees. The SBA loan application for the borrower indicated that the loan would help retain 8 existing jobs.

Getting an SBA Loan For Your Business

If you need money to start a business or need money for an existing business, an SBA loan can be a great way to raise money

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like First Internatl Bank & Tr and they will explain how you can get an SBA loan for your company.

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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