Raising Money for Tobacco Stores

With these business loans for tobacco stores, the SBA guarantees the lender that the loan will be repaid. This tobacco stores loan for $68,400 was given to a Montana entrepreneur in 2001.

This small business knew how to go about getting a business bank loan. Based in Kalispell, Montana, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Glacier Bank, based in Kalispell, Montana.

SBA Loan Borrower

COMPANY TYPE: TOBACCO STORES
KALISPELL, MT 59901

SBA Loan Lender

GLACIER BANK
202 MAIN ST
KALISPELL, MT 59901

This was a Low Documentation SBA loan. The SBA launched this program to reduce the paperwork associated with borrowing money. The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

453991 - Tobacco Stores

Loan Approval Date

9/14/2001

Loan Approval Gross Amount

$68,400

Loan Approval from the SBA

Of the total $68,400 loan amount, the SBA guaranteed $58,140.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. The loan application did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Glacier Bank 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:

Realistic Debt Financing Options

Small Business Banks in Kalispell, Montana

Montana SBA 7A Lenders