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May 17, 2024 |
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| Home > Small Business Lenders by State > Montana Business Loan Sources > Billings, Business Loans > First Cit. Bank - Billings Billings Business Loans > Piece Goods, Notions, And Dry Goods Wholesalers Loan | ||||
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Requirements for Businesses On Getting a Loan
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Commercial Loans for Piece Goods, Notions, and Dry Goods WholesalersLooking for commercial loans for piece goods, notions, and dry goods wholesalers? The SBA may be the answer. This $150,900 piece goods, notions, and dry goods wholesalers loan was issued by a Montana bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Billings, Montana was able to borrow $150,900 from First Cit. Bank - Billings. The SBA made the loan possible by guaranteeing $113,175 of this Montana small business loan. SBA Loan Borrower COMPANY TYPE: PIECE GOODS, NOTIONS, AND DRY GOODS WHOLESALERS SBA Loan Lender FIRST CIT. BANK - BILLINGS This business loan was issued by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a complete analysis of the loan application and, in return, SBA delivers a rapid loan approval or denial response. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 422310 - Piece Goods, Notions, and Dry Goods Wholesalers Loan Approval Date 10/27/2003 Loan Approval Gross Amount $150,900 Loan Approval from the SBA Of the total $150,900 loan amount, the SBA guaranteed $113,175. 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 3 employees. The loan application did not indicate that the company promised to use the money to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First Cit. Bank - Billings had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First Cit. Bank - Billings made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Obtaining Funding From a Venture Capitalist SBA Participating Banks in Billings, Montana
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