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May 15, 2024 |
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| Home > Small Business Lenders by State > Montana Business Loan Sources > Missoula, Business Loans > First Security Bank - Missoula Missoula Business Loans > Plastering, Drywall, And Insulation Loan | ||||
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First Security Bank - Missoula Small Business Loan
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SBA Loans for Drywall, Plastering, Acoustical, and Insulation ContractorsWith these SBA loans for drywall, plastering, acoustical, and insulation contractors, the SBA guarantees the lender that the loan will be repaid. This drywall, plastering, acoustical, and insulation contractors loan for $39,000 was given to a Montana entrepreneur in 2000. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Missoula, Montana was able to borrow $39,000 from First Security Bank - Missoula. The SBA made the loan possible by guaranteeing $31,200 of this Montana small business loan. SBA Loan Borrower COMPANY TYPE: PLASTERING, DRYWALL, AND INSULATION SBA Loan Lender FIRST SECURITY BANK - MISSOULA 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. SIC Code 1742 - Plastering, Drywall, and Insulation NAICS Code 235420 - Drywall, Plastering, Acoustical, and Insulation Contractors Loan Approval Date 3/15/2000 Loan Approval Gross Amount $39,000 Loan Approval from the SBA Of the total $39,000 loan amount, the SBA guaranteed $31,200. 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 only one employee. The SBA loan documents did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. This SBA loan was for $39,000. How would you spend $39,000 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: The Friends and Family Network Small Bank Loans in Missoula, Montana
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