SBA Loan from First Security Bank - Missoula Helps Electrical Contractors And Wiring Installation Contractors Company
First Security Bank - Missoula has a track record as a leading provider of SBA loans. Find out how this Montana entrepreneur received an SBA loan from them.
This growing company knew how to go about getting a business bank loan. Based in Lolo, Montana, they applied for and received an SBA-guaranteed loan in 2006. The lending bank was First Security Bank - Missoula, based in Missoula, Montana.
SBA Loan Borrower
COMPANY TYPE: ELECTRICAL CONTRACTORS AND WIRING INSTALLATION CONTRACTORS
LOLO, MT 59847
SBA Loan Lender
FIRST SECURITY BANK - MISSOULA
1704 DEARBORN AVE
MISSOULA, MT 59801
This lender processed this SBA loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
238210 - Electrical Contractors and Wiring Installation Contractors
Loan Approval Date
2/1/2006
Loan Approval Gross Amount
$200,000
Loan Approval from the SBA
Of the total $200,000 loan amount, the SBA guaranteed $100,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had no employees. The SBA loan application for the borrower indicated that the loan would help generate 12 new jobs and retain 12 existing jobs.
Next Steps for Getting an SBA Loan
If you have been wondering how do i get money to start a business in Lolo MT, you ought to talk with a local Lolo SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Lolo businesses.
SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into First Security Bank - Missoula and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!
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:
Financing Your Business
Where to Get an SBA Loan in Missoula, Montana
SBA Lenders in Montana