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January 22, 2025 |
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| Home > Small Business Lenders by State > Montana Business Loan Sources > Saint Regis, Business Loans > Mullan Trail Bank Saint Regis Business Loans > Drinking Places Loan | ||||
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SBA Loans from Mullan Trail Bank
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SBA Loan from Mullan Trail Bank Helps Drinking Places CompanyMullan Trail Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Montana entrepreneur who tapped into the power of SBA loans. Getting a small business loan in Deborgia, Montana was an essential business goal for this company back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Mullan Trail Bank, operating out of Saint Regis, Montana. Here are the details on this Montana small business loan. SBA Loan Borrower COMPANY TYPE: DRINKING PLACES SBA Loan Lender MULLAN TRAIL BANK This lender issued this business loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program began in 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 722410 - Drinking Places Loan Approval Date 12/26/2002 Loan Approval Gross Amount $367,500 Loan Approval from the SBA Of the total $367,500 loan amount, the SBA guaranteed $275,625. 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 5 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. We can help you find the best banks for small businesses in Deborgia or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Raising VC Money for Social Networking Companies SBA 7A Banks in Saint Regis, Montana
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