Hall, Montana Entrepreneur Gets a Bank Loan

Would a Montana small business loan help your small business to grow and prosper? If so, you may want to talk with this Montana bank, which offers SBA loans to Montana entrepreneurs.

This company, based in Hall, Montana, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Flint Creek Valley Bank. We've got the inside scoop on this Montana small business loan.

SBA Loan Borrower

COMPANY TYPE: YARN SPINNING MILLS
HALL, MT 59837

SBA Loan Lender

FLINT CREEK VALLEY BANK
139 E BROADWAY
PHILIPSBURG, MT 59858

This was a Low Documentation SBA loan. The SBA launched this program to reduce the paperwork associated with borrowing money. The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

313111 - Yarn Spinning Mills

Loan Approval Date

3/22/2002

Loan Approval Gross Amount

$66,700

Loan Approval from the SBA

Of the total $66,700 loan amount, the SBA guaranteed $56,695.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 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.

Getting an SBA Loan For Your Business

If you need money to start a business or need money for an existing business, an SBA loan can be a great funding source

This company got an SBA loan. You can too! Maybe you need seed money for a small business? 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.

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