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May 11, 2024 |
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| Home > Small Business Lenders by State > Montana Business Loan Sources > Spokane, Business Loans > Sterling Savings Bank Spokane Business Loans > Prefabricated Metal Building And Component Manufacturing Loan | ||||
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Stevensville, Montana Bank Loan
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Prefabricated Metal Building and Component Manufacturing Business LoansLooking for business loans for prefabricated metal building and component manufacturing? The SBA may be the answer. This $60,700 prefabricated metal building and component manufacturing loan was issued by a Washington bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Stevensville, Montana was able to borrow $60,700 from Sterling Savings Bank. The SBA made the loan possible by guaranteeing $51,595 of this Montana small business loan. SBA Loan Borrower COMPANY TYPE: PREFABRICATED METAL BUILDING AND COMPONENT MANUFACTURING SBA Loan Lender STERLING SAVINGS BANK 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. NAICS Code 332311 - Prefabricated Metal Building and Component Manufacturing Loan Approval Date 10/22/2002 Loan Approval Gross Amount $60,700 Loan Approval from the SBA Of the total $60,700 loan amount, the SBA guaranteed $51,595. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 9 employees. The SBA loan documents did not indicate that the business planned to use the money to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! 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. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Obtaining Funding - Getting Venture Capital Best Banks for Small Business in Spokane, Washington
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