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May 17, 2024 |
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| Home > Small Business Lenders by State > Montana Business Loan Sources > Helena, Business Loans > American Federal Savings Bank Helena Business Loans > Janitorial Services Loan | ||||
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How to Get SBA Loans in Jefferson City, Montana
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Janitorial Services Small Business LoansLooking for small business loans for janitorial services? An SBA loan may be just what you've been looking for. This $107,500 janitorial services loan was issued by a Montana bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Jefferson City, Montana was able to borrow $107,500 from American Federal Savings Bank. The SBA made the loan possible by guaranteeing $91,375 of this Montana small business loan. SBA Loan Borrower COMPANY TYPE: JANITORIAL SERVICES SBA Loan Lender AMERICAN FEDERAL SAVINGS BANK This was a Low Documentation SBA loan. The SBA launched this program to reduce the paperwork associated with borrowing money. The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 561720 - Janitorial Services Loan Approval Date 3/8/2004 Loan Approval Gross Amount $107,500 Loan Approval from the SBA Of the total $107,500 loan amount, the SBA guaranteed $91,375. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to add employees 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. This SBA loan was for $107,500. How would you spend $107,500 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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:
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