Business Loan from Glacier Bank Given to Electrical Work Company

An SBA loan from Glacier Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Kalispell, Montana business owner got a $150,000 loan.

Getting a small business loan in Kalispell, Montana was an essential business goal for this firm back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Glacier Bank, operating out of Kalispell, Montana. Here are the details on this Montana small business loan.

SBA Loan Borrower

COMPANY TYPE: ELECTRICAL WORK
KALISPELL, MT 59901

SBA Loan Lender

GLACIER BANK
202 MAIN ST
KALISPELL, MT 59901

The lender provided this business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

SIC Code

1731 - Electrical Work

NAICS Code

235310 - Electrical Contractors

Loan Approval Date

4/6/2000

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $75,000.

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 10 employees. The loan application indicated that the loan would help retain 10 existing jobs.

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

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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