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April 26, 2024 |
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| Home > Small Business Lenders by State > Montana Business Loan Sources > Columbus, Business Loans > United Bank Columbus Business Loans > Beartooth Ford, LLC Loan | ||||
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Requirements for Borrowing Money to Buy a Franchise
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Borrow Money to Buy a Ford Motor dealers FranchiseNeed a loan to buy a Ford Motor dealers franchise? United Bank has a history of making these loans and they are guaranteed by the SBA. Ford Motor dealers franchise loans are available to Columbus, Montana entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, United Bank, based in Columbus, Montana, issued an SBA franchise loan for a Ford Motor dealers franchise in 2003. We've got all the details on this Montana small business loan. SBA Loan Borrower BEARTOOTH FORD, LLC SBA Loan Lender UNITED BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 441110 - New Car Dealers Loan Approval Date 11/20/2003 Loan Approval Gross Amount $275,000 Loan Approval from the SBA Of the total $275,000 loan amount, the SBA guaranteed $206,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Ford Motor dealers franchise. At the time of the loan, the company had 9 employees. The SBA loan documents did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. 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 $275,000 loan. Remember, if it to be, it is up to me! 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: Obtaining Funding From a Venture Capitalist Best Banks for Small Business in Columbus, Montana
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