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May 17, 2024  
 
 
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We Needed a Commercial Loan in Whitefish, Montana and We Got One!

 

 
Loan Census SBA Loan Info

Dentists SBA Loans

Looking for SBA loans for dentists? Talk to a banker who works with the SBA. This $540,000 dentists loan was issued by a Montana bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Whitefish, Montana was able to borrow $540,000 from Mountain W. Bank - Kalispell Nat. The SBA made the loan possible by guaranteeing $405,000 of this Montana small business loan.

SBA Loan Borrower

COMPANY TYPE: DENTISTS
WHITEFISH, MT 59937

SBA Loan Lender

MOUNTAIN W. BANK - KALISPELL NAT
601 SPOKANE AVE
WHITEFISH, MT 59937

This lender issued this loan for a small business under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program was started 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

621210 - Dentists

Loan Approval Date

9/7/2005

Loan Approval Gross Amount

$540,000

Loan Approval from the SBA

Of the total $540,000 loan amount, the SBA guaranteed $405,000.

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 7 employees. The SBA loan documents did not indicate that the company planned to use the funding to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Mountain W. Bank - Kalispell Nat that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Banking Deregulation's Effects on Entrepreneurship

Who Lends Money to Small Businesses in Whitefish, Montana

Getting an SBA Loan in Montana