Lessors of Nonresidential Buildings Business Loans

Looking for business loans for lessors of nonresidential buildings? The SBA may be the answer. This $521,000 lessors of nonresidential buildings loan was issued by a Montana bank.

Getting a small business loan in Helena, Montana was important for this small business back in 2002 and, based on their loan application, they were successful in getting an SBA loan from First Community Bank, operating out of Three Forks, Montana. Here are the details on this Montana small business loan.

SBA Loan Borrower

COMPANY TYPE: LESSORS OF NONRESIDENTIAL BUILDINGS
HELENA, MT 59601

SBA Loan Lender

FIRST COMMUNITY BANK
120 S MONTANA ST
THREE FORKS, MT 59752

Note that at the time it made this loan, this bank had achieved Preferred Lender Program (PLP) status from the U.S. Small Business Administration (SBA). PLP is the highest status given by the SBA to qualified lending institutions and gives the lending institution full authority to determine eligibility and credit worthiness of an applicant and to approve loans without prior review by the SBA.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

531120 - Lessors of Nonresidential Buildings

Loan Approval Date

5/31/2002

Loan Approval Gross Amount

$521,000

Loan Approval from the SBA

Of the total $521,000 loan amount, the SBA guaranteed $390,750.

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 3 employees. The SBA loan application for the borrower indicated that the loan would help generate 3 new jobs and retain 3 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from First Community Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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