State Bank & Trust Of Kenmare SBA Loan to Eating Places Company

An SBA loan from State Bank & Trust Of Kenmare typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Berthold, North Dakota business owner got a $52,000 loan.

This growing company received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with State Bank & Trust Of Kenmare, out of Kenmare, North Dakota. The loan was granted and they received $52,000 to help grow their Berthold, North Dakota business.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
BERTHOLD, ND 58718

SBA Loan Lender

STATE BANK & TRUST OF KENMARE
4 NW SECOND ST
KENMARE, ND 58746

This SBA bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

Loan Approval Date

3/7/2000

Loan Approval Gross Amount

$52,000

Loan Approval from the SBA

Of the total $52,000 loan amount, the SBA guaranteed $41,600.

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

Getting an SBA Loan For Your Business

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

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like State Bank & Trust Of Kenmare are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

Microlending as a Small Business Funding Source

SBA 7A Banks for Kenmare, North Dakota Loans

North Dakota SBA Banks