Glacier Bank Gives Bank Loan to Nursery And Garden Centers Company

Small business loans in Montana are are few and far betweeen these days. We take a look at one Montana small business loan, provided by a Montana bank, that was approved by the SBA.

You can learn something about getting a small business loan in Libby, Montana by studying this loan to a local company, made back in 2004. Banks like Glacier Bank may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

COMPANY TYPE: NURSERY AND GARDEN CENTERS
LIBBY, MT 59923

SBA Loan Lender

GLACIER BANK
615 CALIFORNIA AVE
LIBBY, MT 59923

When this loan was made, this lending institution was part of the SBA's Certified Lenders Program (CLP). This program was created to offer quick service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

444220 - Nursery and Garden Centers

Loan Approval Date

5/5/2004

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 2 employees. The loan application did not indicate that the small business planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you have been wondering how do i get money to start a business in Libby MT, you ought to talk with a local Libby SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Libby businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Glacier Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Glacier Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

Family and Friend Investors - Your First Financiers

Best Libby, Montana Banks for Small Business

SBA Participating Banks in Montana