Fabricated Metal Product Manufacturing Bank Loans

Looking for bank loans for fabricated metal product manufacturing? An SBA loan may be just what you've been looking for. This $100,000 fabricated metal product manufacturing loan was issued by a North Dakota bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Arvilla, North Dakota was able to borrow $100,000 from First State Bank. The SBA made the loan possible by guaranteeing $75,000 of this North Dakota small business loan.

SBA Loan Borrower

COMPANY TYPE: FABRICATED METAL PRODUCTS
ARVILLA, ND 58214

SBA Loan Lender

FIRST STATE BANK
2500 32ND AVE SOUTH
GRAND FORKS, ND 58201

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

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3499 - Fabricated Metal Products

NAICS Code

332999 - Fabricated Metal Product Manufacturing

Loan Approval Date

7/27/2004

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $75,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The SBA loan documents did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

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

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 $100,000 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.

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SBA Participating Banks in North Dakota