Hebron, North Dakota Bank Gives SBA Loan to Water, Sewer, And Utility Lines Company

Thinking about meeting with a Hebron, North Dakota bank about an SBA loan? Here's one North Dakota business loan, issued by a Hebron bank, that was approved by the SBA.

Applying for an SBA loan with Dakota Commun Bank worked out well for our friends at one local firm in Bismarck, North Dakota. They received an SBA loan for $352,000. Sweet!

SBA Loan Borrower

COMPANY TYPE: WATER, SEWER, AND UTILITY LINES
BISMARCK, ND 58504

SBA Loan Lender

DAKOTA COMMUN BANK
609 MAIN ST
HEBRON, ND 58638

This lender issued this loan for a small business under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1623 - Water, Sewer, and Utility Lines

NAICS Code

234920 - Power and Communication Transmission Line Construction

Loan Approval Date

2/20/2002

Loan Approval Gross Amount

$352,000

Loan Approval from the SBA

Of the total $352,000 loan amount, the SBA guaranteed $264,000.

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 25 employees. This SBA loan request did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Dakota Commun Bank and they will explain how you can get an SBA loan for your company.

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:

Small Business Loan

SBA 7A Banks for Hebron, North Dakota Loans

Where to Get an SBA Loan North Dakota