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May 19, 2024 |
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| Home > Small Business Lenders by State > Montana Business Loan Sources > Ronan, Business Loans > Community Bank, Inc. Ronan Business Loans > Car Washes Loan | ||||
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SBA Lenders That Lend to Montana Entrepreneurs
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Community Bank, Inc. Gives Business Loan to Car Washes CompanyMontanaSmall business loans are available to Montana small business owners through the SBA. In this case, a Montana bank provides the loan. This company, based in Kalispell, 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 Community Bank, Inc.. We've got the inside scoop on this Montana small business loan. SBA Loan Borrower COMPANY TYPE: CAR WASHES SBA Loan Lender COMMUNITY BANK, INC. 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 811192 - Car Washes Loan Approval Date 2/8/2005 Loan Approval Gross Amount $102,800 Loan Approval from the SBA Of the total $102,800 loan amount, the SBA guaranteed $87,380. 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 only one employee. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. We can help you find the best banks for small businesses in Kalispell or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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 Ronan, Montana
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