Business Loan from American Bank Center First Given to Nondurable Goods Company

An SBA loan from American Bank Center First typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Bismarck, North Dakota business owner got a $350,000 loan.

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 $350,000 to help grow their Bismarck, North Dakota business.

SBA Loan Borrower

COMPANY TYPE: NONDURABLE GOODS
BISMARCK, ND 58501

SBA Loan Lender

AMERICAN BANK CENTER FIRST
320 N 4TH ST
BISMARCK, ND 58501

This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

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

$350,000

Loan Approval from the SBA

Of the total $350,000 loan amount, the SBA guaranteed $262,500.

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. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees 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.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

VC Firms on Twitter

Good Banks for Small Business in Bismarck, North Dakota

Where to Get an SBA Loan North Dakota