Hettinger, North Dakota Bank Gives SBA Loan to Meat And Fish Market Company

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

Applying for an SBA loan with Dacotah Bank worked out well for our friends at one local business in Bowman, North Dakota. They received an SBA loan for $131,800. Nice!

SBA Loan Borrower

COMPANY TYPE: MEAT AND FISH MARKET
BOWMAN, ND 58623

SBA Loan Lender

DACOTAH BANK
121 N MAIN ST
HETTINGER, ND 58639

This lender issued this debt financing 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

5421 - Meat and Fish Market

NAICS Code

445210 - Meat Markets

Loan Approval Date

9/7/2004

Loan Approval Gross Amount

$131,800

Loan Approval from the SBA

Of the total $131,800 loan amount, the SBA guaranteed $98,850.

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 7 employees. This SBA loan request did not indicate that the company promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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

Banks in Hettinger, North Dakota

Getting an SBA Loan in North Dakota