Small Business Loans for Personal Care Services

With these small business loans for personal care services, the SBA guarantees the lender that the loan will be repaid. This personal care services loan for $175,000 was given to a North Dakota entrepreneur in 2008.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Bismark, North Dakota was able to borrow $175,000 from Northland Financial. The SBA made the loan possible by guaranteeing $131,250 of this North Dakota small business loan.

SBA Loan Borrower

COMPANY TYPE: PERSONAL CARE SERVICES
BISMARK, ND 58503

SBA Loan Lender

NORTHLAND FINANCIAL
207 E FRONT AVE
BISMARCK, ND 58504

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide bank loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

812199 - Personal Care Services

Loan Approval Date

2/6/2008

Loan Approval Gross Amount

$175,000

Loan Approval from the SBA

Of the total $175,000 loan amount, the SBA guaranteed $131,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 12 employees. This SBA loan request indicated that the loan would help generate 4 new jobs and retain 8 existing jobs.

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.

We can help you find the best banks for small businesses in Bismark or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

504 Loans

Good Banks for Small Business in Bismarck, North Dakota

Find an SBA Lender in North Dakota