Get an SBA Loan for Soil Preparation, Planting, and Cultivating

Looking for small business loans for soil preparation, planting, and cultivating? An SBA loan may be just what you've been looking for. This $80,000 soil preparation, planting, and cultivating loan was issued by a North Dakota bank.

This small firm received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Union State Bank, out of Hazen, North Dakota. The loan was granted and they received $80,000 to help grow their Beulah, North Dakota business.

SBA Loan Borrower

COMPANY TYPE: CROP PLANTING, CULTIVATING, AND PROTECTING
BEULAH, ND 58523

SBA Loan Lender

UNION STATE BANK
209 CENTRAL AVE NORTH
HAZEN, ND 58545

This small business 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

0721 - Crop Planting, Cultivating, and Protecting

NAICS Code

115112 - Soil Preparation, Planting, and Cultivating

Loan Approval Date

12/3/2002

Loan Approval Gross Amount

$80,000

Loan Approval from the SBA

Of the total $80,000 loan amount, the SBA guaranteed $68,000.

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 4 employees. The loan application did not indicate that the business promised to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Union State Bank 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.

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