Power and Communication Transmission Line Construction SBA Loans

With these SBA loans for power and communication transmission line construction, the SBA guarantees the lender that the loan will be repaid. This power and communication transmission line construction loan for $150,000 was given to a Montana entrepreneur in 2004.

This business knew how to go about getting a business bank loan. Based in Glasgow, Montana, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Valley Bank Of Glasgow, based in Glasgow, Montana.

SBA Loan Borrower

COMPANY TYPE: POWER AND COMMUNICATION TRANSMISSION LINE CONSTRUCTION
GLASGOW, MT 59230

SBA Loan Lender

VALLEY BANK OF GLASGOW
110 6TH ST SOUTH
GLASGOW, MT 59230

This lender processed this loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

234920 - Power and Communication Transmission Line Construction

Loan Approval Date

2/2/2004

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $75,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. This SBA loan request indicated that the loan would help generate 5 new jobs and retain 9 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Determining Proper Capital Structure for a Business

SBA Approved Banks in Glasgow, Montana

Montana SBA 7A Lenders