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December 22, 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 > Personal Services Loan | ||||
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Small Business Banks for Small Business Owners in North Dakota
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American Bank Center First Gives Bank Loan to Personal Services CompanySearching for a North Dakota business loan? This North Dakota entrepreneur got a business loan, provided by a North Dakota bank that works with the SBA to help small business owners. By giving the right information to American Bank Center First, this Bismarck, North Dakota business was able to get an SBA loan. To get this loan, the business owner gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: PERSONAL SERVICES SBA Loan Lender AMERICAN BANK CENTER FIRST This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7299 - Personal Services Loan Approval Date 2/22/2000 Loan Approval Gross Amount $53,700 Loan Approval from the SBA Of the total $53,700 loan amount, the SBA guaranteed $42,960. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the small business promised 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? If you need money to start a small business or need money to grow a business, an SBA loan can be a great source of funding. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. American Bank Center First had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, American Bank Center First made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: SBA Banks in Bismarck, North Dakota
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