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May 17, 2024 |
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| Home > Small Business Lenders by State > Montana Business Loan Sources > Billings, Business Loans > Rocky Mountain Bank Billings Business Loans > Snack And Nonalcoholic Beverage Bars Loan | ||||
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Laurel, Montana Bank for SBA Loans
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Snack and Nonalcoholic Beverage Bars LoansLooking for loans for snack and nonalcoholic beverage bars? Try the SBA. This $29,800 snack and nonalcoholic beverage bars loan was issued by a Montana bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Laurel, Montana was able to borrow $29,800 from Rocky Mountain Bank. The SBA made the loan possible by guaranteeing $25,330 of this Montana small business loan. SBA Loan Borrower COMPANY TYPE: SNACK AND NONALCOHOLIC BEVERAGE BARS SBA Loan Lender ROCKY MOUNTAIN BANK This was a Low Documentation SBA loan. The SBA started this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722213 - Snack and Nonalcoholic Beverage Bars Loan Approval Date 4/15/2002 Loan Approval Gross Amount $29,800 Loan Approval from the SBA Of the total $29,800 loan amount, the SBA guaranteed $25,330. 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. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees. Getting an SBA Loan For Your Business 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. We can help you find the best banks for small businesses in Laurel or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: SBA Banks in Billings, Montana
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