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November 15, 2024 |
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| Home > Small Business Lenders by State > Montana Business Loan Sources > Helena, Business Loans > Mountain W. Bank Helena Business Loans > Clothing Stores Loan | ||||
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Montana Bank SBA Loans
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Helena, Montana Bank Gives SBA Loan to Clothing Stores CompanyFind Helena, Montana banks that specialize in business loans and know how to work with entrepreneurs. Mountain W. Bank is one such bank, as evidenced by this SBA loan to one business. Finding a small business loan in Missoula, Montana starts with an understanding of who else has gotten loans in the area. In this case, a local business received funding from Mountain W. Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: CLOTHING STORES SBA Loan Lender MOUNTAIN W. BANK This lender processed this bank loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 448190 - Clothing Stores Loan Approval Date 3/14/2006 Loan Approval Gross Amount $150,400 Loan Approval from the SBA Of the total $150,400 loan amount, the SBA guaranteed $75,200. 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 SBA loan documents indicated that the loan would help retain 2 existing jobs. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. This SBA loan was for $150,400. How would you spend $150,400 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Small Bank Loans in Helena, Montana
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