Loan Census Banking News and Information
December 19, 2024  
 
 
  Business Loan Information  
 

Small Business Banks for Great Falls, Montana Businesses

 

 
Loan Census SBA Loan Info

Farm Product Raw Material Wholesalers Business Loans

With these business loans for farm product raw material wholesalers, the SBA guarantees the lender that the loan will be repaid. This farm product raw material wholesalers loan for $25,000 was given to a Montana entrepreneur in 2000.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Great Falls, Montana was able to borrow $25,000 from Mountain W. Bank. The SBA made the loan possible by guaranteeing $20,000 of this Montana small business loan.

SBA Loan Borrower

COMPANY TYPE: FARM PRODUCT RAW MATERIAL WHOLESALERS
GREAT FALLS, MT 59404

SBA Loan Lender

MOUNTAIN W. BANK
12 3RD ST NW
GREAT FALLS, MT 59403

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

422590 - Farm Product Raw Material Wholesalers

Loan Approval Date

12/7/2000

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $20,000.

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 only one employee. This SBA loan request did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Many small businesses receive loans backed by the U.S. Small Business Administration.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Mountain W. Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

How to Raise Money

Best Banks for Small Business in Great Falls, Montana

Montana SBA 7A Lenders