Financing for Mining Machinery and Equipment Manufacturing

With these loans for mining machinery and equipment manufacturing, the SBA guarantees the lender that the loan will be repaid. This mining machinery and equipment manufacturing loan for $70,000 was given to a Montana entrepreneur in 2004.

Getting a small business loan in Belgrade, Montana was important for this growing firm back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Wells Fargo Bank, operating out of Bozeman, Montana. Here are the details on this Montana small business loan.

SBA Loan Borrower

COMPANY TYPE: MINING MACHINERY AND EQUIPMENT MANUFACTURING
BELGRADE, MT 59714

SBA Loan Lender

WELLS FARGO BANK
211 W MAIN ST
BOZEMAN, MT 59715

This SBA bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

333131 - Mining Machinery and Equipment Manufacturing

Loan Approval Date

12/10/2004

Loan Approval Gross Amount

$70,000

Loan Approval from the SBA

Of the total $70,000 loan amount, the SBA guaranteed $52,500.

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 24 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees.

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

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

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $70,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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

SBA Banks in Bozeman, Montana

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