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May 9, 2024 |
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| Home > Small Business Lenders by State > Montana Business Loan Sources > Philipsburg, Business Loans > Flint Creek Valley Bank Philipsburg Business Loans > Jewelry Stores Loan | ||||
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Flint Creek Valley Bank Business Loan
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SBA Loan from Flint Creek Valley Bank Helps Jewelry Stores CompanyAn SBA loan from Flint Creek Valley Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Philipsburg, Montana business owner got a $513,714 loan. This growing company knew how to go about getting a business bank loan. Based in Philipsburg, Montana, they applied for and received an SBA-guaranteed loan in 2003. The lending bank was Flint Creek Valley Bank, based in Philipsburg, Montana. SBA Loan Borrower COMPANY TYPE: JEWELRY STORES SBA Loan Lender FLINT CREEK VALLEY BANK This lender issued this commercial loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 448310 - Jewelry Stores Loan Approval Date 7/17/2003 Loan Approval Gross Amount $513,714 Loan Approval from the SBA Of the total $513,714 loan amount, the SBA guaranteed $385,286. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 12 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Flint Creek Valley Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Realistic Debt Financing Options SBA 7A Banks in Philipsburg, Montana
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