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May 13, 2024 |
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| Home > Small Business Lenders by State > Montana Business Loan Sources > Miles City, Business Loans > Stockman Bank Of Montana Miles City Business Loans > School And Employee Bus Transportation Loan | ||||
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Montana Small Business Funding
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Bank Loans for School and Employee Bus TransportationLooking for bank loans for school and employee bus transportation? Try the SBA. This $90,000 school and employee bus transportation loan was issued by a Montana bank. This small firm received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Stockman Bank Of Montana, out of Miles City, Montana. The loan was granted and they received $90,000 to help grow their Choteau, Montana business. SBA Loan Borrower COMPANY TYPE: SCHOOL AND EMPLOYEE BUS TRANSPORTATION SBA Loan Lender STOCKMAN BANK OF MONTANA This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 485410 - School and Employee Bus Transportation Loan Approval Date 9/3/2004 Loan Approval Gross Amount $90,000 Loan Approval from the SBA Of the total $90,000 loan amount, the SBA guaranteed $76,500. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 7 employees. This SBA loan request did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. 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 $90,000 loan. Remember, fight for what you want, and it will be yours! 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: SBA 7A Banks in Miles City, Montana
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