Bismarck, North Dakota Entrepreneur Gets a Business Loan

North DakotaSmall business loans are available to North Dakota small business owners through the SBA. In this case, a North Dakota bank provides the loan.

You can learn something about getting a small business loan in Bismarck, North Dakota by studying this loan to a local company, made back in 2005. Banks like Bnc National Bank may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

COMPANY TYPE: TRAVEL ARRANGEMENT AND RESERVATION SERVICES
BISMARCK, ND 58501

SBA Loan Lender

BNC NATIONAL BANK
322 E MAIN AVE
BISMARCK, ND 58501

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.

NAICS Code

561599 - Travel Arrangement and Reservation Services

Loan Approval Date

1/11/2005

Loan Approval Gross Amount

$126,900

Loan Approval from the SBA

Of the total $126,900 loan amount, the SBA guaranteed $107,865.

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 17 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

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.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

The Art of Bootstrapping

Small Business Banks in Bismarck, North Dakota

Getting an SBA Loan in North Dakota