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May 19, 2024 |
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| Home > Small Business Lenders by State > Montana Business Loan Sources > Laurel, Business Loans > Yellowstone Bank Laurel Business Loans > Eating Places Loan | ||||
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Yellowstone Bank Business Loans Molt
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Business Loan from Yellowstone Bank Given to Eating Places CompanyAn SBA loan from Yellowstone Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Molt, Montana business owner got a $42,000 loan. Getting a small business loan in Molt, Montana was an essential business goal for this firm back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Yellowstone Bank, operating out of Laurel, Montana. Here are the details on this Montana small business loan. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender YELLOWSTONE BANK This was a Low Documentation SBA loan. The SBA launched this program to reduce the paperwork associated with getting a loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places Loan Approval Date 4/3/2000 Loan Approval Gross Amount $42,000 Loan Approval from the SBA Of the total $42,000 loan amount, the SBA guaranteed $33,600. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the business planned to use the money to hire new 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 $42,000 loan. Remember, fight for what you want, and it will be yours! 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: Role of Business Plan When Raising Money
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