Schools and Instruction SBA Loans

Looking for SBA loans for schools and instruction? The SBA may be the answer. This $53,417 schools and instruction loan was issued by a Montana bank.

This business knew how to go about getting a business bank loan. Based in Missoula, Montana, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Community Bank-Missoula, Inc., based in Missoula, Montana.

SBA Loan Borrower

COMPANY TYPE: SCHOOLS AND INSTRUCTION
MISSOULA, MT 59802

SBA Loan Lender

COMMUNITY BANK-MISSOULA, INC.
3010 AMERICAN WAY
MISSOULA, MT 59808

This lender issued this business loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 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

611699 - Schools and Instruction

Loan Approval Date

10/15/2007

Loan Approval Gross Amount

$53,417

Loan Approval from the SBA

Of the total $53,417 loan amount, the SBA guaranteed $45,404.

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 4 employees. The loan application indicated that the loan would help generate 1 new job and retain 3 existing jobs.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Community Bank-Missoula, Inc. had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Community Bank-Missoula, Inc. made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

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SBA 7A Lenders in Missoula, Montana

Getting an SBA Loan in Montana