Financing for Continuing Care Retirement Communities

Looking for commercial loans for continuing care retirement communities? The SBA may be the answer. This $147,704 continuing care retirement communities loan was issued by a Montana bank.

Getting a small business loan in Missoula, Montana was important for this small business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Mountain W. Bank, operating out of Missoula, Montana. Here are the details on this Montana small business loan.

SBA Loan Borrower

COMPANY TYPE: CONTINUING CARE RETIREMENT COMMUNITIES
MISSOULA, MT 59801

SBA Loan Lender

MOUNTAIN W. BANK
1821 S AVE WEST
MISSOULA, MT 59801

This lender issued this SBA small business loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

623311 - Continuing Care Retirement Communities

Loan Approval Date

12/5/2005

Loan Approval Gross Amount

$147,704

Loan Approval from the SBA

Of the total $147,704 loan amount, the SBA guaranteed $125,548.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 10 employees. This SBA loan request did not indicate that the small business planned to use the money to add employees or retain any existing employees.

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

Every year, the SBA guarantees over $10 billion for loans just like this one.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Mountain W. Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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