Borrowing Money for Amusement and Recreation Industries

Looking for loans for amusement and recreation industries? Talk to a banker who works with the SBA. This $725,000 amusement and recreation industries loan was issued by a North Dakota bank.

This company received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Kirkwood Bank And Trust, out of Bismarck, North Dakota. The loan was granted and they received $725,000 to help grow their Bismarck, North Dakota business.

SBA Loan Borrower

COMPANY TYPE: PUBLIC GOLF COURSES
BISMARCK, ND 58504

SBA Loan Lender

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

This business 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

7992 - Public Golf Courses

NAICS Code

713990 - Amusement and Recreation Industries

Loan Approval Date

1/29/2004

Loan Approval Gross Amount

$725,000

Loan Approval from the SBA

Of the total $725,000 loan amount, the SBA guaranteed $543,750.

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 10 employees. The loan application did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

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:

Determining Proper Capital Structure for a Business

Small Business Banks in Bismarck, North Dakota

North Dakota SBA 7A Banks