Montana Entrepreneur Secures Financing to Buy Culligan Soft Water Service Franchise

Borrowing money to invest in a Culligan Soft Water Service franchise? First Interstate Bank has a history of making these loans and they are guaranteed by the SBA.

If you live near Miles City, Montana and are interested in buying a Culligan Soft Water Service franchise, you'll be interested to read the details on this SBA franchise loan, issued in 2002 by First Interstate Bank. Obtaining a franchise loan from a commercial lending institution can be a great way to finance a franchise purchase.

SBA Loan Borrower

CULLIGAN OF MILES CITY
MILES CITY, MT 59301

SBA Loan Lender

FIRST INTERSTATE BANK
1115 MAIN ST
MILES CITY, MT 59301

This lender issued this particular loan for a small business under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

454390 - Direct Selling Establishments

Loan Approval Date

9/13/2002

Loan Approval Gross Amount

$68,000

Loan Approval from the SBA

Of the total $68,000 loan amount, the SBA guaranteed $57,800.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Culligan Soft Water Service franchise. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great way to raise money

We've showcased information on this loan to let you know that businesses like yours 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.

Related Links:

Culligan International

How to Raise Money

SBA 7A Lenders in Miles City, Montana

Montana SBA 7A Banks