White Sulphur Springs, Montana Bank Gives SBA Loan to Site Preparation Contractors Company

Thinking about meeting with a White Sulphur Springs, Montana bank about a business loan? Here's one Montana business loan, issued by a White Sulphur Springs bank, that was approved by the SBA.

Applying for an SBA loan with Bank - Rockies worked out well for our friends at one local business in Wilsall, Montana. The business was able to get an SBA loan for $114,500. Sweet!

SBA Loan Borrower

COMPANY TYPE: SITE PREPARATION CONTRACTORS
WILSALL, MT 59086

SBA Loan Lender

BANK - ROCKIES
205 W MAIN ST
WHITE SULPHUR SPRINGS, MT 59645

This lender issued this particular loan 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

238910 - Site Preparation Contractors

Loan Approval Date

2/28/2005

Loan Approval Gross Amount

$114,500

Loan Approval from the SBA

Of the total $114,500 loan amount, the SBA guaranteed $97,325.

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 only one employee. The SBA loan documents did not indicate that the SBA funding recipient planned to use the funding to hire new 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.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Bank - Rockies and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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.

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