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May 17, 2024 |
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| Home > Small Business Lenders by State > Wyoming Business Loan Sources > Billings, Business Loans > First Interstate Bank Billings Business Loans > Sign Manufacturing Loan | ||||
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Banks Doing SBA Loans in Montana
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Billings, Montana Bank Gives SBA Loan to Sign Manufacturing CompanyThinking about meeting with a Billings, Montana bank about a small business loan? Here's one Wyoming business loan, issued by a Billings bank, that was approved by the SBA. Applying for an SBA loan with First Interstate Bank worked out well for our friends at one local firm in Casper, Wyoming. They received an SBA loan for $115,000. Nice! SBA Loan Borrower COMPANY TYPE: SIGN MANUFACTURING SBA Loan Lender FIRST INTERSTATE BANK This lender processed this loan for a small business under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 339950 - Sign Manufacturing Loan Approval Date 4/26/2005 Loan Approval Gross Amount $115,000 Loan Approval from the SBA Of the total $115,000 loan amount, the SBA guaranteed $57,500. 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 100 employees. This SBA loan request indicated that the loan would help retain 100 existing jobs. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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: Find an SBA Lender in Billings, Montana
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