Loans for Animal Production

Looking for loans for animal production? The SBA may be the answer. This $73,140 animal production loan was issued by a Montana bank.

This small firm knew how to go about getting a business bank loan. Based in Libby, Montana, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was First National Bank - Montana Inc., based in Libby, Montana.

SBA Loan Borrower

COMPANY TYPE: ANIMAL SPECIALTIES, N.E.C
LIBBY, MT 59223

SBA Loan Lender

FIRST NATIONAL BANK - MONTANA INC.
504 MINERAL AVE
LIBBY, MT 59923

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

0279 - Animal Specialties, N.E.C

NAICS Code

112990 - Animal Production

Loan Approval Date

6/14/2000

Loan Approval Gross Amount

$73,140

Loan Approval from the SBA

Of the total $73,140 loan amount, the SBA guaranteed $58,512.

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 7 employees. This SBA loan request did not indicate that the small business promised to use the money to increase staffing levels or retain any existing employees.

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

If you are wondering how to find money to start a business or need money to grow a business, an SBA loan can be a great funding source

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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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