Where to Get Capital for Meat Markets

Looking for SBA loans for meat markets? An SBA loan may be just what you've been looking for. This $206,600 meat markets loan was issued by a North Dakota bank.

Getting a small business loan in Bowman, North Dakota was important for this business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Dacotah Bank, operating out of Hettinger, North Dakota. Here are the details on this North Dakota small business loan.

SBA Loan Borrower

COMPANY TYPE: MEAT AND FISH MARKET
BOWMAN, ND 58623

SBA Loan Lender

DACOTAH BANK
121 N MAIN ST
HETTINGER, ND 58639

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan for a small business was issued via the SBA 7a lending program.

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

$206,600

Loan Approval from the SBA

Of the total $206,600 loan amount, the SBA guaranteed $154,950.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to hire new 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.

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 Dacotah 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:

Choosing VC Firms

SBA 7A Banks in Hettinger, North Dakota

Find an SBA Lender in North Dakota