Bowman, North Dakota Bank Lends Money to Food Stores Company in Amidon, North Dakota

Find Bowman, North Dakota banks that specialize in small business loans and know how to work with entrepreneurs. Dakota Western Bank is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Amidon, North Dakota starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from Dakota Western Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: FOOD STORES
AMIDON, ND 58620

SBA Loan Lender

DAKOTA WESTERN BANK
202 S MAIN ST
BOWMAN, ND 58623

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5499 - Food Stores

Loan Approval Date

7/14/2000

Loan Approval Gross Amount

$13,700

Loan Approval from the SBA

Of the total $13,700 loan amount, the SBA guaranteed $10,960.

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 2 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the funding to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide money to small business owners for working capital for other expenses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Dakota Western Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Dakota Western Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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Getting an SBA Loan in North Dakota