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November 23, 2024 |
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| Home > Small Business Lenders by State > North Dakota Business Loan Sources > Buffalo, Business Loans > First St. Bank - No. Dakota Buffalo Business Loans > Personal And Household Goods Repair And Maintenance Loan | ||||
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Buffalo, North Dakota Bank for SBA Loans
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Buffalo, North Dakota Lender Lends Money to Personal And Household Goods Repair And Maintenance CompanyThinking about meeting with a Buffalo, North Dakota bank about a small business loan? Here's one North Dakota business loan, issued by a Buffalo bank, that was approved by the SBA. Applying for an SBA loan with First St. Bank - No. Dakota worked out well for our friends at one local business in Buffalo, North Dakota. They got an SBA loan for $50,000. Nice! SBA Loan Borrower COMPANY TYPE: PERSONAL AND HOUSEHOLD GOODS REPAIR AND MAINTENANCE SBA Loan Lender FIRST ST. BANK - NO. DAKOTA This lender issued this particular SBA bank 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 811490 - Personal and Household Goods Repair and Maintenance Loan Approval Date 11/27/2001 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $42,500. 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 only one employee. This SBA loan request did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. We've showcased information on this loan to let you know that businesses like yours 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: Role of Business Plan When Raising Money Good Banks for Small Business in Buffalo, North Dakota Getting an SBA Loan in North Dakota
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