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May 14, 2024 |
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| Home > Small Business Lenders by State > Montana Business Loan Sources > Belgrade, Business Loans > Valley Bank - Belgrade A Branch Belgrade Business Loans > Support Activities For Forestry Loan | ||||
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Get an SBA Loan in Bozeman, Montana
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Valley Bank - Belgrade A Branch Gives SBA Loan to Support Activities For Forestry CompanyMontanaBusiness loans are available to Montana business owners through the SBA. In this case, a Montana bank provides the loan. You can learn something about getting a small business loan in Bozeman, Montana by studying this loan to a local business, made back in 2006. Banks like Valley Bank - Belgrade A Branch may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: SUPPORT ACTIVITIES FOR FORESTRY SBA Loan Lender VALLEY BANK - BELGRADE A BRANCH This lender issued this debt financing under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 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 115310 - Support Activities for Forestry Loan Approval Date 4/13/2006 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $150,000. 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 6 employees. This SBA loan request did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great source of funding. There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower. Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today! 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 Belgrade, Montana
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