Entrepreneur Works With West Yellowstone, Montana Bank to Get an SBA Loan

A West Yellowstone, Montana SBA loan can be yours. Learn how one firm got a $125,600 business loan from this Montana bank.

This loan to an entrepreneur is a good example of an SBA loan. Yellowstone Basin Bank made the loan and the SBA guaranteed a portion of the loan. Many other Montana entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.

SBA Loan Borrower

COMPANY TYPE: RV PARKS AND CAMPGROUNDS
WEST YELLOWSTONE, MT 59758

SBA Loan Lender

YELLOWSTONE BASIN BANK
216 GRIZZLY AVE
WEST YELLOWSTONE, MT 59758

This lender issued this particular loan for a small business under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721211 - RV Parks and Campgrounds

Loan Approval Date

7/10/2001

Loan Approval Gross Amount

$125,600

Loan Approval from the SBA

Of the total $125,600 loan amount, the SBA guaranteed $106,760.

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 2 employees. The loan application did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees.

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

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

While you may be able to find other ways to get money to start a business, 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:

Business Cash Advances

SBA Approved Banks in West Yellowstone, Montana

SBA Participating Banks in Montana