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April 24, 2024 |
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| Home > Small Business Lenders by State > Montana Business Loan Sources > Billings, Business Loans > Yellowstone Bank Billings Business Loans > Dollar Discount Loan | ||||
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Yellowstone Bank Franchise Loans
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Laurel, MT Entrepreneur Gets SBA Loan to Buy Dollar Discount Stores FranchiseNeed money to invest in a Dollar Discount Stores franchise? Yellowstone Bank has a history of making these loans and they are guaranteed by the SBA. Dollar Discount Stores franchise loans are available to Laurel, Montana entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Yellowstone Bank, based in Billings, Montana, issued an SBA franchise loan for a Dollar Discount Stores franchise in 2004. We've got all the details on this Montana small business loan. SBA Loan Borrower DOLLAR DISCOUNT SBA Loan Lender YELLOWSTONE BANK 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 235110 - Plumbing, Heating, and Air Conditioning Contractors Loan Approval Date 6/17/2004 Loan Approval Gross Amount $30,000 Loan Approval from the SBA Of the total $30,000 loan amount, the SBA guaranteed $25,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Dollar Discount Stores franchise. At the time of the loan, the company had 5 employees. This SBA loan request indicated that the loan would help generate 3 new jobs and retain 5 existing jobs. Getting an SBA Loan For Your Business SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Yellowstone Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Yellowstone Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Who Lends Money to Small Businesses in Billings, Montana
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