Raising Money for Hardware Stores

With these bank loans for hardware stores, the SBA guarantees the lender that the loan will be repaid. This hardware stores loan for $213,000 was given to a North Dakota entrepreneur in 2004.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Bismarck, North Dakota was able to borrow $213,000 from Starion Financial. The SBA made the loan possible by guaranteeing $159,750 of this North Dakota small business loan.

SBA Loan Borrower

COMPANY TYPE: HARDWARE
BISMARCK, ND 58504

SBA Loan Lender

STARION FINANCIAL
333 N 4TH
BISMARCK, ND 58501

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide bank loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5072 - Hardware

NAICS Code

444130 - Hardware Stores

Loan Approval Date

3/22/2004

Loan Approval Gross Amount

$213,000

Loan Approval from the SBA

Of the total $213,000 loan amount, the SBA guaranteed $159,750.

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 19 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Starion Financial and they will explain how you can get an SBA loan for your company.

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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