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December 19, 2024 |
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| Home > Small Business Lenders by State > Montana Business Loan Sources > Polson, Business Loans > Community Bank, Inc. Polson Business Loans > Building Material Dealers Loan | ||||
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Small Business Loans from Community Bank, Inc.
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Kalispell, Montana Business Gets SBA-Guaranteed Funding from Community Bank, Inc.Community Bank, Inc. has a track record as a leading provider of SBA loans. Find out how this Montana entrepreneur received an SBA loan from them. Getting a small business loan in Kalispell, Montana was an essential business goal for this company back in 2002 and, based on their loan application, they were successful in getting an SBA loan from Community Bank, Inc., operating out of Polson, Montana. Here are the details on this Montana small business loan. SBA Loan Borrower COMPANY TYPE: BUILDING MATERIAL DEALERS SBA Loan Lender COMMUNITY BANK, INC. This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 444190 - Building Material Dealers Loan Approval Date 10/18/2002 Loan Approval Gross Amount $80,000 Loan Approval from the SBA Of the total $80,000 loan amount, the SBA guaranteed $68,000. 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 2 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Community Bank, Inc. are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Best Banks for Small Business in Polson, Montana Getting an SBA Loan in Montana
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