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November 21, 2024 |
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| Home > Small Business Lenders by State > North Dakota Business Loan Sources > Steele, Business Loans > Northland Financial Steele Business Loans > Eating Places Loan | ||||
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Steele, North Dakota SBA Banks
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Steele, North Dakota Bank Gives SBA Loan to Eating Places CompanyA Steele, North Dakota SBA loan can be yours. Learn how a business got a $408,000 business loan from this North Dakota bank. This loan to a local firm is a good example of an SBA loan. Northland Financial made the loan and the SBA guaranteed a portion of the loan. Many other North Dakota entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender NORTHLAND FINANCIAL SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 1/24/2005 Loan Approval Gross Amount $408,000 Loan Approval from the SBA Of the total $408,000 loan amount, the SBA guaranteed $306,000. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 12 employees. This SBA loan request did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. 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: How Much Venture Capital Is There? SBA 7A Banks in Steele, North Dakota Getting an SBA Loan in North Dakota
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