SBA Loan from First Interstate Bank Helps Retail Stores 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 $200,000 loan.

This small firm knew how to go about getting a business bank loan. Based in Missoula, Montana, they applied for and received an SBA-guaranteed loan in 2000. The lending bank was First Interstate Bank, based in Missoula, Montana.

SBA Loan Borrower

COMPANY TYPE: RETAIL STORES
MISSOULA, MT 59803

SBA Loan Lender

FIRST INTERSTATE BANK
101 E FRONT
MISSOULA, MT 59802

When it made this small business loan, this bank was part of the SBA's Certified Lenders Program (CLP). This program was created to give expeditious service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5999 - Retail Stores

Loan Approval Date

8/10/2000

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $150,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 10 employees. The SBA loan documents did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees.

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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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