Montana Small Business Loan Issued to Flour And Other Grain Mill Products Company

Bank loans in Montana are are few and far betweeen these days. We take a look at one Montana bank loan, provided by a Montana bank, that was approved by the SBA.

Getting a small business loan in Great Falls, Montana was a top priority for this loan applicant back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Independence Bank. Here are the details on this Montana small business loan.

SBA Loan Borrower

COMPANY TYPE: FLOUR AND OTHER GRAIN MILL PRODUCTS
GREAT FALLS, MT 59403

SBA Loan Lender

INDEPENDENCE BANK
435 THIRD ST
HAVRE, MT 59501

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2041 - Flour and Other Grain Mill Products

NAICS Code

311211 - Flour Milling

Loan Approval Date

8/23/2000

Loan Approval Gross Amount

$120,000

Loan Approval from the SBA

Of the total $120,000 loan amount, the SBA guaranteed $90,000.

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 4 employees. The loan application did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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