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November 23, 2024 |
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| Home > Small Business Lenders by State > North Dakota Business Loan Sources > Tolna, Business Loans > Farmers & Merchants State Bank Tolna Business Loans > Gasoline Service Stations Loan | ||||
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Binford SBA Loan from Farmers & Merchants State Bank
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SBA Loan from Farmers & Merchants State Bank Helps Gasoline Service Stations CompanyFarmers & Merchants State Bank has a track record as a leading provider of SBA loans. Find out how this North Dakota entrepreneur received an SBA loan from them. This growing company knew how to go about getting a business bank loan. Based in Binford, North Dakota, they applied for and received an SBA-guaranteed loan in 2006. The lending bank was Farmers & Merchants State Bank, based in Tolna, North Dakota. SBA Loan Borrower COMPANY TYPE: GASOLINE SERVICE STATIONS SBA Loan Lender FARMERS & MERCHANTS STATE BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide commercial loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5541 - Gasoline Service Stations NAICS Code 447190 - Gasoline Stations Loan Approval Date 1/31/2006 Loan Approval Gross Amount $250,000 Loan Approval from the SBA Of the total $250,000 loan amount, the SBA guaranteed $187,500. 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. This SBA loan request did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide money to small business owners for working capital for other expenses. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Obtaining Funding - Friends and Family SBA 7A Banks in Tolna, North Dakota
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