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May 17, 2024 |
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| Home > Small Business Lenders by State > Montana Business Loan Sources > Poplar, Business Loans > Independence Bank Poplar Business Loans > Drinking Places Loan | ||||
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Raising Money in Wolf Point, Montana With SBA Loans
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Small Business Loans for Drinking PlacesLooking for small business loans for drinking places? Talk to a banker who works with the SBA. This $150,000 drinking places loan was issued by a Montana bank. This small firm knew how to go about getting a business bank loan. Based in Wolf Point, Montana, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Independence Bank, based in Poplar, Montana. SBA Loan Borrower COMPANY TYPE: DRINKING PLACES SBA Loan Lender INDEPENDENCE BANK This lender issued this particular SBA business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 722410 - Drinking Places Loan Approval Date 10/31/2001 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 4 employees. The SBA loan documents did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business If you need money to start a business or need money for an existing business, an SBA loan can be a great way to raise money 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 $150,000 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: Where to Get an SBA Loan in Poplar, Montana
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