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May 11, 2024 |
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| Home > Small Business Lenders by State > Montana Business Loan Sources > Victor, Business Loans > Farmers State Bank Victor Business Loans > Flight Training Loan | ||||
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Business Loans from Farmers State Bank
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Farmers State Bank SBA Loan to Flight Training CompanyFarmers State Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one Montana entrepreneur who tapped into the power of SBA loans. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Stevensville, Montana was able to borrow $262,000 from Farmers State Bank. The SBA made the loan possible by guaranteeing $131,000 of this Montana small business loan. SBA Loan Borrower COMPANY TYPE: FLIGHT TRAINING SBA Loan Lender FARMERS STATE BANK This business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. 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 611512 - Flight Training Loan Approval Date 7/18/2006 Loan Approval Gross Amount $262,000 Loan Approval from the SBA Of the total $262,000 loan amount, the SBA guaranteed $131,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the funding would help generate 2 new jobs. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. We can help you find the best banks for small businesses in Stevensville 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:
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