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May 12, 2024 |
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| Home > Small Business Lenders by State > Montana Business Loan Sources > Sidney, Business Loans > Stockman Bank Of Montana Sidney Business Loans > Trucking Loan | ||||
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Sidney Lenders
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Sidney, Montana Bank Gives SBA Loan to Trucking CompanyThinking about meeting with a Sidney, Montana bank about a business loan? Here's one Montana business loan, issued by a Sidney bank, that was approved by the SBA. Applying for an SBA loan with Stockman Bank Of Montana worked out well for our friends at one local firm in Fairview, Montana. They got an SBA loan for $74,300. Way to go! SBA Loan Borrower COMPANY TYPE: TRUCKING SBA Loan Lender STOCKMAN BANK OF MONTANA This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 4213 - Trucking Loan Approval Date 4/18/2000 Loan Approval Gross Amount $74,300 Loan Approval from the SBA Of the total $74,300 loan amount, the SBA guaranteed $59,440. 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 only one employee. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Don't apply for a loan directly with the SBA. You need to apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Stockman Bank Of Montana so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: A Company That Helps Entrepreneurs
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