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November 24, 2024 |
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| Home > Small Business Lenders by State > North Dakota Business Loan Sources > Bismarck, Business Loans > American Bank Center First Bismarck Business Loans > Nondurable Goods Loan | ||||
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American Bank Center First
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American Bank Center First SBA Loan to Nondurable Goods CompanyAmerican Bank Center First 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 received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with American Bank Center First, out of Bismarck, North Dakota. The loan was granted and they received $200,000 to help grow their Bismarck, North Dakota business. SBA Loan Borrower COMPANY TYPE: NONDURABLE GOODS SBA Loan Lender AMERICAN BANK CENTER FIRST This lender issued this bank loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5199 - Nondurable Goods NAICS Code 422990 - Nondurable Goods Wholesalers Loan Approval Date 3/23/2001 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $150,000. 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 11 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Many small businesses receive loans backed by the U.S. Small Business Administration. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $200,000 loan. Remember, if it to be, it is up to me! 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: Banks in Bismarck, North Dakota
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