Small Business Loans for Industrial Building Construction

Looking for small business loans for industrial building construction? Talk to a banker who works with the SBA. This $250,000 industrial building construction loan was issued by a North Dakota bank.

This small firm received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with Kirkwood Bank And Trust, out of Bismarck, North Dakota. The loan was granted and they received $250,000 to help grow their Bismarck, North Dakota business.

SBA Loan Borrower

COMPANY TYPE: INDUSTRIAL BUILDING CONSTRUCTION
BISMARCK, ND 58501

SBA Loan Lender

KIRKWOOD BANK AND TRUST
2911 N 14TH ST
BISMARCK, ND 58503

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

236210 - Industrial Building Construction

Loan Approval Date

2/22/2006

Loan Approval Gross Amount

$250,000

Loan Approval from the SBA

Of the total $250,000 loan amount, the SBA guaranteed $125,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 25 employees. The SBA loan documents indicated that the borrowed money would help create 5 new jobs.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Kirkwood Bank And Trust so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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