Entrepreneur Works With Missoula, Montana Bank to Get an SBA Loan

Thinking about meeting with a Missoula, Montana bank about a business loan? Here's one Montana business loan, issued by a Missoula bank, that was approved by the SBA.

Applying for an SBA loan with First Security Bank - Missoula worked out well for our friends at one local company in Hamilton, Montana. They received an SBA loan for $65,100. Way to go!

SBA Loan Borrower

COMPANY TYPE: SEWING, NEEDLEWORK, AND PIECE GOODS STORES
HAMILTON, MT 59840

SBA Loan Lender

FIRST SECURITY BANK - MISSOULA
1704 DEARBORN AVE
MISSOULA, MT 59801

This was a Low Documentation SBA loan. The SBA launched this program to limit 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. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

451130 - Sewing, Needlework, and Piece Goods Stores

Loan Approval Date

3/18/2003

Loan Approval Gross Amount

$65,100

Loan Approval from the SBA

Of the total $65,100 loan amount, the SBA guaranteed $55,335.

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 2 employees. This SBA loan request did not indicate that the company promised to use the money to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you have been wondering how do i get money to start a business in Hamilton MT, you ought to talk with a local Hamilton SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Hamilton businesses.

This SBA loan was for $65,100. How would you spend $65,100 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Startup Funding Tip

SBA 7A Banks in Missoula, Montana

Montana SBA 7A Banks