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May 12, 2024 |
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| Home > Small Business Lenders by State > Montana Business Loan Sources > Hardin, Business Loans > Little Horn State Bank Hardin Business Loans > General Contractors-Industrial Buildings, Warehous Loan | ||||
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Montana Bank SBA Loans
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Little Horn State Bank SBA Loan to General Contractors-Industrial Buildings, Warehous CompanyLooking to get a Montana business loan? Here's one Montana business loan that was approved by the SBA. This growing firm needed an SBA business loan in Billings, Montana back in 2000 and, after submitting their loan application, they were successful in getting an SBA loan from Little Horn State Bank, operating out of Hardin, Montana. Here are the details on this Montana small business loan. SBA Loan Borrower COMPANY TYPE: GENERAL CONTRACTORS-INDUSTRIAL BUILDINGS, WAREHOUS SBA Loan Lender LITTLE HORN STATE BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 1541 - General Contractors-Industrial Buildings, Warehous Loan Approval Date 9/8/2000 Loan Approval Gross Amount $350,000 Loan Approval from the SBA Of the total $350,000 loan amount, the SBA guaranteed $262,500. 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 75 employees. The SBA loan documents did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. 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 Little Horn State Bank 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. Related Links:
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