Bottineau, North Dakota Business Gets SBA-Guaranteed Funding from State Bank Of Bottineau

An SBA loan from State Bank Of Bottineau typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Bottineau, North Dakota business owner got a $98,700 loan.

This growing company knew how to go about getting a business bank loan. Based in Bottineau, North Dakota, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was State Bank Of Bottineau, based in Bottineau, North Dakota.

SBA Loan Borrower

COMPANY TYPE: COMMERCIAL AND INSTITUTIONAL BUILDING CONSTRUCTION
BOTTINEAU, ND 58318

SBA Loan Lender

STATE BANK OF BOTTINEAU
514 THOMPSON
BOTTINEAU, ND 58318

This lender issued this particular SBA 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

236220 - Commercial and Institutional Building Construction

Loan Approval Date

8/16/2004

Loan Approval Gross Amount

$98,700

Loan Approval from the SBA

Of the total $98,700 loan amount, the SBA guaranteed $83,895.

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 6 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you have a business and need capital to get to the next level? 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.

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