Growing Company Gets a Montana SBA Loan
Looking to get a Montana bank loan? This Montana entrepreneur got a bank loan, provided by a Montana bank that works with the SBA to help small business owners.
By giving the right information to Mountain W. Bank, this Missoula, Montana business was able to get an SBA loan. To get this loan, the entrepreneur gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back.
SBA Loan Borrower
COMPANY TYPE: ROOFING, SIDING, AND SHEET METAL CONTRACTORS
MISSOULA, MT 59808
SBA Loan Lender
MOUNTAIN W. BANK
1225 CEDAR
HELENA, MT 59601
This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
235610 - Roofing, Siding, and Sheet Metal Contractors
Loan Approval Date
7/27/2005
Loan Approval Gross Amount
$460,800
Loan Approval from the SBA
Of the total $460,800 loan amount, the SBA guaranteed $345,600.
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 23 employees. The SBA loan application for the borrower indicated that the loan would help retain 23 existing jobs.
Great, But How Can I Get an SBA Loan for My Business?
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.
If you need emergency business money, 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.
Related Links:
Alternative Financing
SBA Participating Banks in Helena, Montana
SBA Montana Lenders