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May 17, 2024 |
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| Home > Small Business Lenders by State > Montana Business Loan Sources > Billings, Business Loans > Little Horn State Bank Billings Business Loans > Flight Training Loan | ||||
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SBA Lender Laurel
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SBA Loan from Little Horn State Bank Helps Flight Training CompanyLittle Horn State Bank has a track record as a leading provider of SBA loans. Find out how this Montana entrepreneur received an SBA loan from them. This business knew how to go about getting a business bank loan. Based in Laurel, Montana, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was Little Horn State Bank, based in Billings, Montana. SBA Loan Borrower COMPANY TYPE: FLIGHT TRAINING SBA Loan Lender LITTLE HORN STATE BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA bank loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 611512 - Flight Training Loan Approval Date 6/30/2004 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 12 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan If you need money to start a small business or need money to grow a business, an SBA loan can be a great source of funding. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: How Much Venture Capital Is There? Best Banks in Billings, Montana
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