First Bank Of Montana Gives Bank Loan to Full-Service Restaurants Company

Want a Montana small business loan? This Montana entrepreneur got a small business loan, provided by a Montana bank that works with the SBA to help small business owners.

Getting a small business loan in Grass Range, Montana was a top priority for this small company back in 2002 and, based on their loan application, they were successful in getting an SBA loan from First Bank Of Montana. Here are the details on this Montana small business loan.

SBA Loan Borrower

COMPANY TYPE: FULL-SERVICE RESTAURANTS
GRASS RANGE, MT 59032

SBA Loan Lender

FIRST BANK OF MONTANA
224 MAIN ST
LEWISTOWN, MT 59457

This lender issued this particular small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

5/16/2002

Loan Approval Gross Amount

$13,700

Loan Approval from the SBA

Of the total $13,700 loan amount, the SBA guaranteed $11,645.

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 10 employees. The loan application did not indicate that the business planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans provide smart, affordable business financing for small businesses looking to expand.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First Bank Of Montana had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First Bank Of Montana 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.

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