Family Clothing Stores Small Business Loans

With these small business loans for family clothing stores, the SBA guarantees the lender that the loan will be repaid. This family clothing stores loan for $150,000 was given to a Montana entrepreneur in 2007.

Getting a small business loan in Harlem, Montana was important for this growing firm back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Bank - Bridger, operating out of Bridger, Montana. Here are the details on this Montana small business loan.

SBA Loan Borrower

COMPANY TYPE: FAMILY CLOTHING STORES
HARLEM, MT 59526

SBA Loan Lender

BANK - BRIDGER
101 S MAIN ST
BRIDGER, MT 59014

This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

448140 - Family Clothing Stores

Loan Approval Date

4/9/2007

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 5 employees. The loan application indicated that the loan would help retain 5 existing jobs.

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

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

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Bank - Bridger had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Bank - Bridger made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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