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May 11, 2024 |
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| Home > Small Business Lenders by State > Montana Business Loan Sources > Victor, Business Loans > Farmers State Bank Victor Business Loans > Wood Window And Door Manufacturing Loan | ||||
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Farmers State Bank
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Farmers State Bank SBA Loan to Wood Window And Door Manufacturing CompanyAn SBA loan from Farmers State Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Columbia Falls, Montana business owner got a $50,000 loan. This growing company knew how to go about getting a business bank loan. Based in Columbia Falls, Montana, they applied for and received an SBA-guaranteed loan in 2008. The lending bank was Farmers State Bank, based in Victor, Montana. SBA Loan Borrower COMPANY TYPE: WOOD WINDOW AND DOOR MANUFACTURING SBA Loan Lender FARMERS STATE BANK This lender processed this loan 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 321911 - Wood Window and Door Manufacturing Loan Approval Date 1/16/2008 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $25,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 17 employees. The SBA loan documents indicated that the loan would help retain 17 existing jobs. Next Steps for Getting an SBA Loan 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. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $50,000 loan. Remember, anyone can do it... so why not you? 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: SBA 7A Lenders in Victor, Montana Getting a Business Loan in Montana
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