Stockman Bank Of Montana Provides SBA Loan to Buy Radio Shack Franchise

Borrowing money to purchase a Radio Shack franchise? Stockman Bank Of Montana has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Radio Shack franchise is doable. In 2003, Stockman Bank Of Montana issued an SBA franchise loan to an entrepreneur in Glendive, Montana. Because Radio Shack was registered with the SBA's registry of franchises, this Montana small business loan was issued on an expedited basis.

SBA Loan Borrower

BOONDOX AUTIO & WIRELESS
GLENDIVE, MT 59330

SBA Loan Lender

STOCKMAN BANK OF MONTANA
204 W BELL
GLENDIVE, MT 59330

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

443112 - Radio, Television, and Electronics Stores

Loan Approval Date

9/10/2003

Loan Approval Gross Amount

$110,000

Loan Approval from the SBA

Of the total $110,000 loan amount, the SBA guaranteed $93,500.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Radio Shack franchise. At the time of the loan, the company had 4 employees. The SBA loan documents did not indicate that the business planned to use the funding to hire new employees or retain any existing employees.

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SBA loans provide money to small business owners for working capital for other expenses.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

RadioShack

Obtaining Funding - How to Borrow Money

SBA Banks in Glendive, Montana

Getting an SBA Loan in Montana