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May 12, 2024 |
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| Home > Small Business Lenders by State > Montana Business Loan Sources > Cincinnati, Business Loans > U.S. Bank National Association Cincinnati Business Loans > Support Activities For Road Transportation Loan | ||||
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Missoula, Montana Bank Loan
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U.S. Bank National Association Gives SBA Loan to Support Activities For Road Transportation CompanyMontanaBusiness loans are available to Montana business owners through the SBA. In this case, an Ohio bank provides the loan. This company, based in Missoula, 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 U.S. Bank National Association. We've got the inside scoop on this Montana small business loan. SBA Loan Borrower COMPANY TYPE: SUPPORT ACTIVITIES FOR ROAD TRANSPORTATION SBA Loan Lender U.S. BANK NATIONAL ASSOCIATION 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 488490 - Support Activities for Road Transportation Loan Approval Date 6/2/2006 Loan Approval Gross Amount $83,800 Loan Approval from the SBA Of the total $83,800 loan amount, the SBA guaranteed $41,900. 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 only one employee. The SBA loan documents indicated that the loan would help generate 1 new job and retain 1 existing job. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like U.S. Bank National Association that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: Determining Proper Capital Structure for a Business Find an SBA Lender in Cincinnati, Ohio Browse All Business Loan Sources for Ohio
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