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November 22, 2024 |
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| Home > Small Business Lenders by State > Montana Business Loan Sources > Glasgow, Business Loans > Valley Bank Of Glasgow Glasgow Business Loans > Meat Processed From Carcasses Loan | ||||
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Who Lends Money to Glasgow Small Business Owners
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Montana Business Loan Issued to Meat Processed From Carcasses CompanySearching for a Montana SBA loan? This Montana entrepreneur got an SBA loan, provided by a Montana bank that works with the SBA to help small business owners. By giving the right information to Valley Bank Of Glasgow, this Glasgow, Montana business was able to get an SBA loan. To get this loan, the applying company gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: MEAT PROCESSED FROM CARCASSES SBA Loan Lender VALLEY BANK OF GLASGOW This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with getting a loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 311612 - Meat Processed from Carcasses Loan Approval Date 10/23/2001 Loan Approval Gross Amount $138,500 Loan Approval from the SBA Of the total $138,500 loan amount, the SBA guaranteed $117,725. 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 6 employees. This SBA loan request did not indicate that the company promised to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. 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 Valley Bank Of Glasgow 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. Related Links: Best Banks in Glasgow, Montana
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