Havre, Montana Entrepreneur Gets a Bank Loan
MontanaSmall business loans are available to Montana small business owners through the SBA. In this case, a Montana bank provides the loan.
By giving the right information to Independence Bank, this Havre, Montana business was able to get an SBA loan. To get this loan, the loan applicant gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back.
SBA Loan Borrower
COMPANY TYPE: GLASS AND GLAZING WORK
HAVRE, MT 59501
SBA Loan Lender
INDEPENDENCE BANK
435 THIRD ST
HAVRE, MT 59501
This was a Low Documentation SBA loan. The SBA launched this program to reduce the paperwork associated with getting a loan . 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.
SIC Code
1793 - Glass and Glazing Work
NAICS Code
235920 - Glass and Glazing Contractors
Loan Approval Date
1/3/2000
Loan Approval Gross Amount
$11,000
Loan Approval from the SBA
Of the total $11,000 loan amount, the SBA guaranteed $9,900.
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 4 employees. The SBA loan application for the borrower did not indicate that the business 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 are raising money in Havre MT, you ought to talk with a local Havre SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Havre businesses.
Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $11,000 loan. Remember, you control your own destiny.
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:
SBIR Funding
SBA Participating Banks in Havre, Montana
Browse All Business Loan Sources for Montana