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November 22, 2024 |
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| Home > Small Business Lenders by State > Montana Business Loan Sources > Lewistown, Business Loans > First Bank Of Montana Lewistown Business Loans > New Car Dealers Loan | ||||
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SBA 7A Banks for Business Owners in Montana
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Lewistown, Montana Entrepreneur Gets a Small Business LoanMontanaSmall business loans are available to Montana small 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 Lewistown, Montana by studying this loan to a local company, made back in 2006. Banks like First Bank Of Montana may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: NEW CAR DEALERS SBA Loan Lender FIRST BANK OF MONTANA This commercial 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. NAICS Code 441110 - New Car Dealers Loan Approval Date 4/3/2006 Loan Approval Gross Amount $883,000 Loan Approval from the SBA Of the total $883,000 loan amount, the SBA guaranteed $662,250. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 20 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to add employees or retain any existing employees. Next Steps for Getting an SBA Loan 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. This SBA loan was for $883,000. How would you spend $883,000 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: Banking Deregulation's Effects on Entrepreneurship Find an SBA Lender in Lewistown, Montana
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