Where to Get Capital for Retail Bakeries

With these SBA loans for retail bakeries, the SBA guarantees the lender that the loan will be repaid. This retail bakeries loan for $26,000 was given to a Montana entrepreneur in 2004.

Getting a small business loan in Three Forks, Montana was important for this small business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Manhattan Bank, operating out of Manhattan, Montana. Here are the details on this Montana small business loan.

SBA Loan Borrower

COMPANY TYPE: RETAIL BAKERIES
THREE FORKS, MT 59752

SBA Loan Lender

MANHATTAN BANK
124 S BROADWAY
MANHATTAN, MT 59741

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

311811 - Retail Bakeries

Loan Approval Date

4/5/2004

Loan Approval Gross Amount

$26,000

Loan Approval from the SBA

Of the total $26,000 loan amount, the SBA guaranteed $22,100.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees.

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

If you are raising money in Three Forks MT, you ought to talk with a local Three Forks SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Three Forks 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:

504 Loans

Banks in Manhattan, Montana

Montana SBA Bank Lenders