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November 15, 2024 |
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| Home > Small Business Lenders by State > Montana Business Loan Sources > Helena, Business Loans > Mountain W. Bank Helena Business Loans > Machine Shops Loan | ||||
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Raising Money in Helena, Montana With SBA Loans
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Financing for Machine ShopsLooking for loans for machine shops? An SBA loan may be just what you've been looking for. This $1,000,000 machine shops loan was issued by a Montana bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Helena, Montana was able to borrow $1,000,000 from Mountain W. Bank. The SBA made the loan possible by guaranteeing $750,000 of this Montana small business loan. SBA Loan Borrower COMPANY TYPE: MACHINE SHOPS SBA Loan Lender MOUNTAIN W. BANK This loan was sent in by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a comprehensive analysis of the loan application and, in return, SBA delivers a quick answer on whether the loan qualifies. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 332710 - Machine Shops Loan Approval Date 12/15/2000 Loan Approval Gross Amount $1,000,000 Loan Approval from the SBA Of the total $1,000,000 loan amount, the SBA guaranteed $750,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 34 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Mountain W. Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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: Banking Deregulation's Effects on Entrepreneurship Where to Get an SBA Loan in Helena, Montana
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