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November 15, 2024 |
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| Home > Small Business Lenders by State > Montana Business Loan Sources > Ronan, Business Loans > Community Bank, Inc. Ronan Business Loans > Building Material Dealers Loan | ||||
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We Needed a Small Business Loan in Polson, Montana and We Got One!
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Financing for Building Material DealersLooking for commercial loans for building material dealers? Try the SBA. This $50,000 building material dealers loan was issued by a Montana bank. This business knew how to go about getting a business bank loan. Based in Polson, Montana, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Community Bank, Inc., based in Ronan, Montana. SBA Loan Borrower COMPANY TYPE: BUILDING MATERIAL DEALERS SBA Loan Lender COMMUNITY BANK, INC. This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. 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 444190 - Building Material Dealers Loan Approval Date 12/27/2006 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $25,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had only one employee. This SBA loan request indicated that the loan would help retain 1 existing job. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: How Much Venture Capital Is There? Best Ronan, Montana Banks for Small Business
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