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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 > Drinking Places Loan | ||||
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SBA Lenders in Montana
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Getting an SBA Loan for Drinking PlacesLooking for commercial loans for drinking places? Try the SBA. This $127,000 drinking places loan was issued by a Montana bank. Getting a small business loan in Custer, Montana was important for this business back in 2002 and, based on 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: DRINKING PLACES SBA Loan Lender LITTLE HORN STATE BANK This was a Low Documentation SBA loan. The SBA launched this program to reduce the paperwork associated with borrowing money. The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722410 - Drinking Places Loan Approval Date 5/29/2002 Loan Approval Gross Amount $127,000 Loan Approval from the SBA Of the total $127,000 loan amount, the SBA guaranteed $107,950. 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 only one employee. This SBA loan request did not indicate that the business promised to use the money to add employees or retain any existing employees. Getting an SBA Loan For Your Business 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. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Little Horn State Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: The Friends and Family Network Small Business Banks in Hardin, Montana
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