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April 29, 2024 |
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| Home > Small Business Lenders by State > Montana Business Loan Sources > Missoula, Business Loans > Mountain W. Bank Missoula Business Loans > Bitterroot Floor To Ceiling Loan | ||||
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Raising Money in Victor, Montana With SBA Loans
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Mountain W. Bank Provides SBA Loan to Buy Floor-To-Ceiling Store FranchiseBorrowing money to purchase a Floor-To-Ceiling Store franchise? Mountain W. Bank has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Floor-To-Ceiling Store franchise shouldn't be overly burdensome. In 2006, Mountain W. Bank issued an SBA franchise loan to an entrepreneur in Victor, Montana. Because Floor-To-Ceiling Store was registered with the SBA's registry of franchises, this Montana small business loan was issued on an expedited basis. SBA Loan Borrower BITTERROOT FLOOR TO CEILING SBA Loan Lender MOUNTAIN W. BANK This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 442210 - Floor Covering Stores Loan Approval Date 3/28/2006 Loan Approval Gross Amount $75,000 Loan Approval from the SBA Of the total $75,000 loan amount, the SBA guaranteed $63,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Floor-To-Ceiling Store franchise. At the time of the loan, the company had 8 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $75,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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:
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