Physical, Occupational and Speech Therapists, and Audiologists SBA Loans

With these SBA loans for physical, occupational and speech therapists, and audiologists, the SBA guarantees the lender that the loan will be repaid. This physical, occupational and speech therapists, and audiologists loan for $81,200 was given to a Montana entrepreneur in 2001.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Missoula, Montana was able to borrow $81,200 from First Security Bank - Missoula. The SBA made the loan possible by guaranteeing $40,600 of this Montana small business loan.

SBA Loan Borrower

COMPANY TYPE: PHYSICAL, OCCUPATIONAL AND SPEECH THERAPISTS, AND AUDIOLOGISTS
MISSOULA, MT 59802

SBA Loan Lender

FIRST SECURITY BANK - MISSOULA
1704 DEARBORN AVE
MISSOULA, MT 59801

The lender provided this small business loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

621340 - Physical, Occupational and Speech Therapists, and Audiologists

Loan Approval Date

2/21/2001

Loan Approval Gross Amount

$81,200

Loan Approval from the SBA

Of the total $81,200 loan amount, the SBA guaranteed $40,600.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The loan application indicated that the borrowed money would help generate 4 new jobs.

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

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into First Security Bank - Missoula and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Business Line of Credit

Who Lends Money to Small Businesses in Missoula, Montana

SBA Lenders in Montana