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November 15, 2024 |
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| Home > Small Business Lenders by State > Montana Business Loan Sources > Sidney, Business Loans > Stockman Bank Of Montana Sidney Business Loans > Physical, Occupational And Speech Therapists, And Audiologists Loan | ||||
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Montana Small Business SBA Loans
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Montana Bank Loan Issued to Physical, Occupational And Speech Therapists, And Audiologists CompanyMontanaSmall business loans are available to Montana small business owners through the SBA. In this case, a Montana bank provides the loan. This company, based in Sidney, Montana, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Stockman Bank Of Montana. We've got the inside scoop on this Montana small business loan. SBA Loan Borrower COMPANY TYPE: PHYSICAL, OCCUPATIONAL AND SPEECH THERAPISTS, AND AUDIOLOGISTS SBA Loan Lender STOCKMAN BANK OF MONTANA This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 621340 - Physical, Occupational and Speech Therapists, and Audiologists Loan Approval Date 11/20/2003 Loan Approval Gross Amount $104,400 Loan Approval from the SBA Of the total $104,400 loan amount, the SBA guaranteed $88,740. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Stockman Bank Of Montana had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Stockman Bank Of Montana 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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