Loan Census Banking News and Information
May 18, 2024  
 
 
  Business Loan Information  
 

Getting Commercial Loans in Lolo, Montana

 

 
Loan Census SBA Loan Info

Treasure State Bank Gives Small Business Loan to Lumber, Plywood, Millwork, And Wood Panel Merchant Wholesalers Company

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

Getting a small business loan in Lolo, Montana was a top priority for this loan applicant back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Treasure State Bank. Here are the details on this Montana small business loan.

SBA Loan Borrower

COMPANY TYPE: LUMBER, PLYWOOD, MILLWORK, AND WOOD PANEL MERCHANT WHOLESALERS
LOLO, MT 59847

SBA Loan Lender

TREASURE STATE BANK
3660 MULLAN RD
MISSOULA, MT 59808

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

423310 - Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers

Loan Approval Date

3/21/2007

Loan Approval Gross Amount

$350,000

Loan Approval from the SBA

Of the total $350,000 loan amount, the SBA guaranteed $175,000.

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 2 employees. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 2 existing jobs.

Getting an SBA Loan For Your Business

Every year, the SBA guarantees over $10 billion for loans just like this one.

This SBA loan was for $350,000. How would you spend $350,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Choosing VC Firms

SBA 7A Banks in Missoula, Montana

SBA Lenders in Montana