Center, North Dakota Bank Gives SBA Loan to Fuel Oil Dealers Company

A Center, North Dakota business loan can be yours. Learn how a company got a $568,700 business loan from this North Dakota bank.

This loan to an entrepreneur is a good example of an SBA loan. Security 1st Bank - No. Dakota made the loan and the SBA guaranteed a portion of the loan. Many other North Dakota entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.

SBA Loan Borrower

COMPANY TYPE: FUEL OIL DEALERS
CENTER, ND 58530

SBA Loan Lender

SECURITY 1ST BANK - NO. DAKOTA
100 W MAIN ST
CENTER, ND 58530

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

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5983 - Fuel Oil Dealers

NAICS Code

454311 - Heating Oil Dealers

Loan Approval Date

2/17/2000

Loan Approval Gross Amount

$568,700

Loan Approval from the SBA

Of the total $568,700 loan amount, the SBA guaranteed $426,525.

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 5 employees. The loan application did not indicate that the small business promised to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

We can help you find the best banks for small businesses in Center or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

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Banks in Center, North Dakota

SBA Participating Banks in North Dakota