Florists Commercial Loans

Looking for commercial loans for florists? An SBA loan may be just what you've been looking for. This $90,000 florists loan was issued by a North Dakota bank.

This small business received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with United Valley Bank, out of Cavalier, North Dakota. The loan was granted and they received $90,000 to help grow their Cavalier, North Dakota business.

SBA Loan Borrower

COMPANY TYPE: FLORISTS
CAVALIER, ND 58220

SBA Loan Lender

UNITED VALLEY BANK
211 DIVISION AVE SOUTH
CAVALIER, ND 58220

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

453110 - Florists

Loan Approval Date

9/5/2003

Loan Approval Gross Amount

$90,000

Loan Approval from the SBA

Of the total $90,000 loan amount, the SBA guaranteed $76,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like United Valley Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

A Company That Helps Entrepreneurs

SBA 7A Banks in Cavalier, North Dakota

North Dakota SBA 7A Banks