SBA Loan from Glacier Bank Helps Construction Sand And Gravel Mining Company

An SBA loan from Glacier Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Libby, Montana business owner got a $650,500 loan.

This business knew how to go about getting a business bank loan. Based in Libby, Montana, they applied for and received an SBA-guaranteed loan in 2005. The lending bank was Glacier Bank, based in Libby, Montana.

SBA Loan Borrower

COMPANY TYPE: CONSTRUCTION SAND AND GRAVEL MINING
LIBBY, MT 59923

SBA Loan Lender

GLACIER BANK
615 CALIFORNIA AVE
LIBBY, MT 59923

This lender issued this commercial loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

212321 - Construction Sand and Gravel Mining

Loan Approval Date

4/22/2005

Loan Approval Gross Amount

$650,500

Loan Approval from the SBA

Of the total $650,500 loan amount, the SBA guaranteed $325,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $650,500 loan. Remember, if it to be, it is up to me!

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:

Direct Public Offerings

SBA Participating Banks in Libby, Montana

Montana SBA 7A Banks