Where to Get Capital for Special Trade Contractors

Looking for SBA loans for special trade contractors? Try the SBA. This $114,814 special trade contractors loan was issued by a Montana bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Loma, Montana was able to borrow $114,814 from First Security Bank. The SBA made the loan possible by guaranteeing $97,592 of this Montana small business loan.

SBA Loan Borrower

COMPANY TYPE: SPECIAL TRADE CONTRACTORS
LOMA, MT 59460

SBA Loan Lender

FIRST SECURITY BANK
1502 MAIN ST
FORT BENTON, MT 59442

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

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

235990 - Special Trade Contractors

Loan Approval Date

5/3/2004

Loan Approval Gross Amount

$114,814

Loan Approval from the SBA

Of the total $114,814 loan amount, the SBA guaranteed $97,592.

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 only one employee. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees.

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

If you need money to start business in Loma MT, you ought to talk with a local Loma SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Loma businesses.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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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