Get an SBA Loan for Wood Container and Pallet Manufacturing

Looking for small business loans for wood container and pallet manufacturing? Talk to a banker who works with the SBA. This $175,000 wood container and pallet manufacturing loan was issued by a North Dakota bank.

This company knew how to go about getting a business bank loan. Based in Argusville, North Dakota, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Ramsey National Bank & Trust - Devi, based in Devils Lake, North Dakota.

SBA Loan Borrower

COMPANY TYPE: WOOD PALLETS AND SKIDS
ARGUSVILLE, ND 58005

SBA Loan Lender

RAMSEY NATIONAL BANK & TRUST - DEVI
300 4TH ST NE
DEVILS LAKE, ND 58301

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2448 - Wood Pallets and Skids

NAICS Code

321920 - Wood Container and Pallet Manufacturing

Loan Approval Date

5/20/2003

Loan Approval Gross Amount

$175,000

Loan Approval from the SBA

Of the total $175,000 loan amount, the SBA guaranteed $131,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 12 employees. The SBA loan application for the borrower did not indicate that the business planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Ramsey National Bank & Trust - Devi so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Small Business Loan

SBA 7A Lenders in Devils Lake, North Dakota

SBA Participating Banks in North Dakota