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November 14, 2024 |
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| Home > Small Business Lenders by State > Montana Business Loan Sources > Spokane, Business Loans > Sterling Savings Bank Spokane Business Loans > Breweries Loan | ||||
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How Do We Get a Business Loan in Missoula, Montana?
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Breweries SBA LoansWith these SBA loans for breweries, the SBA guarantees the lender that the loan will be repaid. This breweries loan for $580,000 was given to a Montana entrepreneur in 2004. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Missoula, Montana was able to borrow $580,000 from Sterling Savings Bank. The SBA made the loan possible by guaranteeing $435,000 of this Montana small business loan. SBA Loan Borrower COMPANY TYPE: BREWERIES SBA Loan Lender STERLING SAVINGS BANK This business 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 312120 - Breweries Loan Approval Date 6/29/2004 Loan Approval Gross Amount $580,000 Loan Approval from the SBA Of the total $580,000 loan amount, the SBA guaranteed $435,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 8 employees. This SBA loan request did not indicate that the company promised to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Accountant's Role in Securing Financing
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