Homes for the Elderly Small Business Loans

Looking for small business loans for homes for the elderly? The SBA may be the answer. This $370,600 homes for the elderly loan was issued by a Montana bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Missoula, Montana was able to borrow $370,600 from Mountain W. Bank. The SBA made the loan possible by guaranteeing $277,950 of this Montana small business loan.

SBA Loan Borrower

COMPANY TYPE: HOMES FOR THE ELDERLY
MISSOULA, MT 59801

SBA Loan Lender

MOUNTAIN W. BANK
301 E BROADWAY
MISSOULA, MT 59806

This debt financing was provided by a lender with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan guaranty requests to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

623312 - Homes for the Elderly

Loan Approval Date

3/14/2001

Loan Approval Gross Amount

$370,600

Loan Approval from the SBA

Of the total $370,600 loan amount, the SBA guaranteed $277,950.

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 21 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $370,600 loan. Remember, things become real when you believe you can achieve them!

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.

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