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May 17, 2024 |
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| Home > Small Business Lenders by State > Montana Business Loan Sources > Billings, Business Loans > Rocky Mountain Bank Billings Business Loans > Construction And Mining Machinery Loan | ||||
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Best Banks for Billings Small Business Owners
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Firm Gets a Montana Business LoanLooking to get a Montana small business loan? This Montana entrepreneur got a small business loan, provided by a Montana bank that works with the SBA to help small business owners. By giving the right information to Rocky Mountain Bank, this Billings, Montana business was able to get an SBA loan. To get this loan, the loan applicant gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: CONSTRUCTION AND MINING MACHINERY SBA Loan Lender ROCKY MOUNTAIN BANK This SBA bank loan was provided by a banker with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loans to the SBA get more expeditious service from the SBA on their loan applications. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5082 - Construction and Mining Machinery NAICS Code 421810 - Construction and Mining Machinery and Equipment Wholesale Loan Approval Date 12/20/2000 Loan Approval Gross Amount $833,000 Loan Approval from the SBA Of the total $833,000 loan amount, the SBA guaranteed $749,700. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 68 employees. The SBA loan documents did not indicate that the company promised to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Role of Business Plan When Raising Money SBA 7A Banks for Billings, Montana Loans
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