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November 15, 2024 |
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| Home > Small Business Lenders by State > Montana Business Loan Sources > Ronan, Business Loans > Valley Bank Of Ronan Ronan Business Loans > Construction Sand And Gravel Mining Loan | ||||
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Who Lends Money to Polson Small Business Owners
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Company Gets a Montana Small Business LoanLooking to get a Montana SBA loan? This Montana entrepreneur got an SBA loan, provided by a Montana bank that works with the SBA to help small business owners. You can learn something about getting a small business loan in Polson, Montana by studying this loan to a local business, made back in 2002. Banks like Valley Bank Of Ronan may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: CONSTRUCTION SAND AND GRAVEL MINING SBA Loan Lender VALLEY BANK OF RONAN SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 212321 - Construction Sand and Gravel Mining Loan Approval Date 7/18/2002 Loan Approval Gross Amount $612,000 Loan Approval from the SBA Of the total $612,000 loan amount, the SBA guaranteed $459,000. 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 SBA loan documents did not indicate that the company promised to use the money to add employees or retain any existing employees. Next Steps for Getting an SBA Loan 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. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Obtaining Funding From a Venture Capitalist SBA Participating Banks in Ronan, Montana
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