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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 > Store Retailers Loan | ||||
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North Dakota SBA 7A Lenders
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Bismarck, North Dakota Bank Lends Money to Store Retailers Company in Bismarck, North DakotaWant to talk with a Bismarck, North Dakota bank about a small business loan? Here's one North Dakota business loan, issued by a Bismarck bank, that was approved by the SBA. Applying for an SBA loan with American Bank Center First worked out well for our friends at one local firm in Bismarck, North Dakota. The business was able to get an SBA loan for $30,800. Great job! SBA Loan Borrower COMPANY TYPE: STORE RETAILERS SBA Loan Lender AMERICAN BANK CENTER FIRST This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 453998 - Store Retailers Loan Approval Date 7/18/2001 Loan Approval Gross Amount $30,800 Loan Approval from the SBA Of the total $30,800 loan amount, the SBA guaranteed $26,180. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into American Bank Center First and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify! 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 Approved Banks in Bismarck, North Dakota
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