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May 10, 2024 |
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| Home > Small Business Lenders by State > Montana Business Loan Sources > Bigfork, Business Loans > Flathead Bank Of Bigfork Bigfork Business Loans > Recreational Goods Rental Loan | ||||
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Small Business Loans from Flathead Bank Of Bigfork
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Bigfork, Montana Business Gets SBA-Guaranteed Funding from Flathead Bank Of BigforkFlathead Bank Of Bigfork 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. This small firm knew how to go about getting a business bank loan. Based in Bigfork, Montana, they applied for and received an SBA-guaranteed loan in 2002. The lending bank was Flathead Bank Of Bigfork, based in Bigfork, Montana. SBA Loan Borrower COMPANY TYPE: RECREATIONAL GOODS RENTAL SBA Loan Lender FLATHEAD BANK OF BIGFORK At the time this loan was granted, the lender was part of the SBA's Certified Lenders Program (CLP). This program was created to give quick service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 532292 - Recreational Goods Rental Loan Approval Date 4/24/2002 Loan Approval Gross Amount $475,000 Loan Approval from the SBA Of the total $475,000 loan amount, the SBA guaranteed $356,250. 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 did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. 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 $475,000 loan. Remember, things become real when you believe you can achieve them! 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: Who Lends Money to Small Businesses in Bigfork, Montana
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