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November 15, 2024 |
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| Home > Small Business Lenders by State > Montana Business Loan Sources > Laurel, Business Loans > Yellowstone Bank Laurel Business Loans > Dollar Discount Loan | ||||
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Laurel, Montana Bank for SBA Loans
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Borrow Money to Buy a Dollar Discount Stores FranchiseNeed a loan to purchase a Dollar Discount Stores franchise? Yellowstone Bank has a history of making these loans and they are guaranteed by the SBA. If you live near Laurel, Montana and are interested in buying a Dollar Discount Stores franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2003 by Yellowstone Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase. SBA Loan Borrower DOLLAR DISCOUNT SBA Loan Lender YELLOWSTONE BANK This was a Low Documentation SBA loan. The SBA launched this program to limit the paperwork associated with getting a loan . 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. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 454390 - Direct Selling Establishments Loan Approval Date 7/15/2003 Loan Approval Gross Amount $145,000 Loan Approval from the SBA Of the total $145,000 loan amount, the SBA guaranteed $123,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Dollar Discount Stores franchise. At the time of the loan, the company had 5 employees. The loan application did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. This SBA loan was for $145,000. How would you spend $145,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: SBA 7A Banks for Laurel, Montana Loans
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