SBA Loan from First Interstate Bank Helps Lawyers Company

An SBA loan from First Interstate Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Missoula, Montana business owner got a $288,000 loan.

This business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with First Interstate Bank, out of Missoula, Montana. The loan was granted and they received $288,000 to help grow their Missoula, Montana business.

SBA Loan Borrower

COMPANY TYPE: LAWYERS
MISSOULA, MT 59802

SBA Loan Lender

FIRST INTERSTATE BANK
101 E FRONT
MISSOULA, MT 59802

This business loan was provided by a lender with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loans to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541110 - Lawyers

Loan Approval Date

9/13/2002

Loan Approval Gross Amount

$288,000

Loan Approval from the SBA

Of the total $288,000 loan amount, the SBA guaranteed $216,000.

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 3 employees. The loan application did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

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.

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