Williston, North Dakota Lender Lends Money to Farm Product Raw Material Merchant Wholesalers Company

Get to know Williston, North Dakota banks that specialize in SBA loans and know how to work with entrepreneurs. First National Bank & Trust - Willis is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Crosby, North Dakota starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from First National Bank & Trust - Willis. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: FARM PRODUCT RAW MATERIAL MERCHANT WHOLESALERS
CROSBY, ND 58730

SBA Loan Lender

FIRST NATIONAL BANK & TRUST - WILLIS
22 E 4TH ST
WILLISTON, ND 58801

The lender provided this SBA bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

424590 - Farm Product Raw Material Merchant Wholesalers

Loan Approval Date

5/24/2004

Loan Approval Gross Amount

$1,500,000

Loan Approval from the SBA

Of the total $1,500,000 loan amount, the SBA guaranteed $750,000.

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 6 employees. The SBA loan documents indicated that the loan would help generate 3 new jobs and retain 9 existing jobs.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a company in Crosby ND, you ought to talk with a local Crosby SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Crosby businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $1,500,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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.

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