Ashley, North Dakota Business Gets SBA-Guaranteed Funding from Mcintosh County Bank

An SBA loan from Mcintosh County Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Ashley, North Dakota business owner got a $185,000 loan.

Getting a small business loan in Ashley, North Dakota was an essential business goal for this firm back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Mcintosh County Bank, operating out of Ashley, North Dakota. Here are the details on this North Dakota small business loan.

SBA Loan Borrower

COMPANY TYPE: SPECIAL TRADE CONTRACTORS
ASHLEY, ND 58413

SBA Loan Lender

MCINTOSH COUNTY BANK
204 W MAIN ST
ASHLEY, ND 58413

This lender issued this loan for a small business under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1799 - Special Trade Contractors

NAICS Code

235990 - Special Trade Contractors

Loan Approval Date

10/31/2001

Loan Approval Gross Amount

$185,000

Loan Approval from the SBA

Of the total $185,000 loan amount, the SBA guaranteed $138,750.

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 loan application did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are raising money in Ashley ND, you ought to talk with a local Ashley SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Ashley businesses.

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 $185,000 loan. Remember, if it to be, it is up to me!

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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