Water, Sewer, and Pipeline Construction Loans

With these loans for water, sewer, and pipeline construction, the SBA guarantees the lender that the loan will be repaid. This water, sewer, and pipeline construction loan for $60,000 was given to a North Dakota entrepreneur in 2001.

This small firm knew how to go about getting a business bank loan. Based in Bismarck, North Dakota, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Dakota Commun Bank, based in Mandan, North Dakota.

SBA Loan Borrower

COMPANY TYPE: WATER, SEWER, AND PIPELINE CONSTRUCTION
BISMARCK, ND 58501

SBA Loan Lender

DAKOTA COMMUN BANK
4321 MEMORIAL HWY
MANDAN, ND 58554

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

234910 - Water, Sewer, and Pipeline Construction

Loan Approval Date

8/16/2001

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $51,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the small business planned to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you need business start up money in Bismarck ND, you ought to talk with a local Bismarck SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Bismarck businesses.

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 Dakota Commun Bank 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:

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Best Mandan, North Dakota Banks for Small Business

North Dakota SBA Bank Lenders