Small Business Loans for Crop Harvesting, Primarily by Machine

Looking for small business loans for crop harvesting, primarily by machine? An SBA loan may be just what you've been looking for. This $49,100 crop harvesting, primarily by machine loan was issued by a North Dakota bank.

This small firm received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Countrybank Usa, out of Cando, North Dakota. The loan was granted and they received $49,100 to help grow their Cando, North Dakota business.

SBA Loan Borrower

COMPANY TYPE: CROP HARVESTING, PRIMARILY BY MACHINE
CANDO, ND 58324

SBA Loan Lender

COUNTRYBANK USA
505 4TH ST
CANDO, ND 58324

This lender issued this particular SBA business 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

115113 - Crop Harvesting, Primarily by Machine

Loan Approval Date

4/13/2004

Loan Approval Gross Amount

$49,100

Loan Approval from the SBA

Of the total $49,100 loan amount, the SBA guaranteed $41,735.

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 3 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Realistic Debt Financing Options

Where to Get an SBA Loan in Cando, North Dakota

SBA Participating Banks in North Dakota