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November 23, 2024 |
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| Home > Small Business Lenders by State > Montana Business Loan Sources > Bigfork, Business Loans > Flathead Bank Of Bigfork Bigfork Business Loans > Yarn Spinning Mills Loan | ||||
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Montana Small Business SBA Loans
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Flathead Bank Of Bigfork Gives Business Loan to Yarn Spinning Mills CompanyMontanaBusiness loans are available to Montana business owners through the SBA. In this case, a Montana bank provides the loan. You can learn something about getting a small business loan in Kalispell, Montana by studying this loan to a local business, made back in 2006. Banks like Flathead Bank Of Bigfork may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: YARN SPINNING MILLS SBA Loan Lender FLATHEAD BANK OF BIGFORK This lender issued this commercial loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 313111 - Yarn Spinning Mills Loan Approval Date 8/25/2006 Loan Approval Gross Amount $175,000 Loan Approval from the SBA Of the total $175,000 loan amount, the SBA guaranteed $131,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The loan application did not indicate that the business promised to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $175,000 loan. Remember, you control your own destiny. 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: Raising VC Money for Social Networking Companies Who Lends Money to Small Businesses in Bigfork, Montana
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