Getting an SBA Loan for Lessors of Nonresidential Buildings

With these business loans for lessors of nonresidential buildings, the SBA guarantees the lender that the loan will be repaid. This lessors of nonresidential buildings loan for $862,500 was given to a Montana entrepreneur in 2006.

This business knew how to go about getting a business bank loan. Based in Whitefish, Montana, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Mountain W. Bank - Kalispell Nat, based in Whitefish, Montana.

SBA Loan Borrower

COMPANY TYPE: LESSORS OF NONRESIDENTIAL BUILDINGS
WHITEFISH, MT 59937

SBA Loan Lender

MOUNTAIN W. BANK - KALISPELL NAT
601 SPOKANE AVE
WHITEFISH, MT 59937

This lender issued this SBA loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program began 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

531120 - Lessors of Nonresidential Buildings

Loan Approval Date

12/22/2006

Loan Approval Gross Amount

$862,500

Loan Approval from the SBA

Of the total $862,500 loan amount, the SBA guaranteed $646,875.

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 only one employee. The loan application did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees.

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

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Mountain W. Bank - Kalispell Nat so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

The Friends and Family Network

Find an SBA Lender in Whitefish, Montana

Getting an SBA Loan in Montana