Vitreous China, Fine Earthenware, and Pottery Manufacturing Small Business Loans

With these small business loans for vitreous china, fine earthenware, and pottery manufacturing, the SBA guarantees the lender that the loan will be repaid. This vitreous china, fine earthenware, and pottery manufacturing loan for $75,000 was given to a Montana entrepreneur in 2003.

Getting a small business loan in Great Falls, Montana was important for this growing firm back in 2003 and, based on their loan application, they were successful in getting an SBA loan from First Interstate Bank, operating out of Great Falls, Montana. Here are the details on this Montana small business loan.

SBA Loan Borrower

COMPANY TYPE: VITREOUS CHINA, FINE EARTHENWARE, AND POTTERY MANUFACTURING
GREAT FALLS, MT 59401

SBA Loan Lender

FIRST INTERSTATE BANK
425 1ST AVE NORTH
GREAT FALLS, MT 59401

This was a Low Documentation SBA loan. The SBA launched this program to limit the paperwork associated with appliying for an SBA loan . The low-doc program involves 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

327112 - Vitreous China, Fine Earthenware, and Pottery Manufacturing

Loan Approval Date

4/16/2003

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

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First Interstate Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

The Friends and Family Network

Small Business Banks in Great Falls, Montana

Getting a Business Loan in Montana