How to Get a Loan for Oil and Gas Pipeline and Related Structures Construction

Looking for business loans for oil and gas pipeline and related structures construction? Try the SBA. This $750,000 oil and gas pipeline and related structures construction loan was issued by a Montana bank.

This small business knew how to go about getting a business bank loan. Based in Reserve, Montana, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Stockman Bank Of Montana, based in Plentywood, Montana.

SBA Loan Borrower

COMPANY TYPE: OIL AND GAS PIPELINE AND RELATED STRUCTURES CONSTRUCTION
RESERVE, MT 59258

SBA Loan Lender

STOCKMAN BANK OF MONTANA
102 N MAIN ST
PLENTYWOOD, MT 59254

This lender issued this loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 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

237120 - Oil and Gas Pipeline and Related Structures Construction

Loan Approval Date

9/26/2005

Loan Approval Gross Amount

$750,000

Loan Approval from the SBA

Of the total $750,000 loan amount, the SBA guaranteed $562,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 30 employees. The loan application did not indicate that the small business planned to use the funding to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Financing Your Business

Small Business Banks in Plentywood, Montana

SBA Participating Banks in Montana