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

Tips for Small Businesses On Getting a Loan

 

 
Loan Census SBA Loan Info

How to Get a Loan for Jewelry Stores

With these business loans for jewelry stores, the SBA guarantees the lender that the loan will be repaid. This jewelry stores loan for $75,000 was given to a Montana entrepreneur in 2001.

This business received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with U.S. Bank National Association, out of Great Falls, Montana. The loan was granted and they received $75,000 to help grow their Great Falls, Montana business.

SBA Loan Borrower

COMPANY TYPE: JEWELRY STORES
GREAT FALLS, MT 59401

SBA Loan Lender

U.S. BANK NATIONAL ASSOCIATION
120 1ST AVE NORTH
GREAT FALLS, MT 59401

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

448310 - Jewelry Stores

Loan Approval Date

8/13/2001

Loan Approval Gross Amount

$75,000

Loan Approval from the SBA

Of the total $75,000 loan amount, the SBA guaranteed $63,750.

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 5 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Attracting Investors

SBA Banks in Great Falls, Montana

SBA Lenders in Montana