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May 20, 2024 |
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| Home > Small Business Lenders by State > Montana Business Loan Sources > Helena, Business Loans > Valley Bank Of Helena Helena Business Loans > News Dealers And Newsstands Loan | ||||
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Montana Small Business SBA Loans
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Helena, Montana Entrepreneur Gets a Small Business LoanSBA loans in Montana are are few and far betweeen these days. We take a look at one Montana SBA loan, provided by a Montana bank, that was approved by the SBA. This business, based in Helena, Montana, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Valley Bank Of Helena. We've got the inside scoop on this Montana small business loan. SBA Loan Borrower COMPANY TYPE: NEWS DEALERS AND NEWSSTANDS SBA Loan Lender VALLEY BANK OF HELENA This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 451212 - News Dealers and Newsstands Loan Approval Date 7/26/2006 Loan Approval Gross Amount $68,200 Loan Approval from the SBA Of the total $68,200 loan amount, the SBA guaranteed $57,970. 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 3 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 2 existing jobs. Next Steps for Getting an SBA Loan 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. 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: How Much Venture Capital Is There? SBA Approved Banks in Helena, Montana
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