Title Abstract and Settlement Offices Small Business Loans

Looking for small business loans for title abstract and settlement offices? Try the SBA. This $95,000 title abstract and settlement offices loan was issued by a North Dakota bank.

This small firm knew how to go about getting a business bank loan. Based in Crosby, North Dakota, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Amer St. Bank & Trust - Willisto, based in Williston, North Dakota.

SBA Loan Borrower

COMPANY TYPE: TITLE ABSTRACT OFFICES
CROSBY, ND 58730

SBA Loan Lender

AMER ST. BANK & TRUST - WILLISTO
223 MAIN ST
WILLISTON, ND 58802

This lender issued this particular 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.

SIC Code

6541 - Title Abstract Offices

NAICS Code

541191 - Title Abstract and Settlement Offices

Loan Approval Date

6/28/2000

Loan Approval Gross Amount

$95,000

Loan Approval from the SBA

Of the total $95,000 loan amount, the SBA guaranteed $76,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to increase staffing levels or retain any existing employees.

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

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $95,000 loan. Remember, fight for what you want, and it will be yours!

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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