Financing for Fruit and Vegetable Canning

With these commercial loans for fruit and vegetable canning, the SBA guarantees the lender that the loan will be repaid. This fruit and vegetable canning loan for $155,000 was given to a Montana entrepreneur in 2000.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Kalispell, Montana was able to borrow $155,000 from First Interstate Bank. The SBA made the loan possible by guaranteeing $116,250 of this Montana small business loan.

SBA Loan Borrower

COMPANY TYPE: CANNED FRUITS, VEGETABLES, PRESERVES AND JAMS
KALISPELL, MT 59903

SBA Loan Lender

FIRST INTERSTATE BANK
2 MAIN ST
KALISPELL, MT 59901

This SBA 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.

SIC Code

2033 - Canned Fruits, Vegetables, Preserves and Jams

NAICS Code

311421 - Fruit and Vegetable Canning

Loan Approval Date

7/25/2000

Loan Approval Gross Amount

$155,000

Loan Approval from the SBA

Of the total $155,000 loan amount, the SBA guaranteed $116,250.

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 6 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.

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

If you are wondering how to find money to start a business or need money for an existing business, an SBA loan can be a great source of funding.

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 First Interstate 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:

Obtaining Funding - Friends and Family

SBA 7A Lenders in Kalispell, Montana

Getting an SBA Loan in Montana