Fargo, North Dakota Bank Lends Money to Locksmiths Company in Devils Lake, North Dakota

Find Fargo, North Dakota banks that specialize in business loans and know how to work with entrepreneurs. Bremer Bank is one such bank, as evidenced by this SBA loan to one business.

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

SBA Loan Borrower

COMPANY TYPE: LOCKSMITHS
DEVILS LAKE, ND 58301

SBA Loan Lender

BREMER BANK
1444 45TH ST SW
FARGO, ND 58103

The lender provided this 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

561622 - Locksmiths

Loan Approval Date

12/14/2007

Loan Approval Gross Amount

$62,000

Loan Approval from the SBA

Of the total $62,000 loan amount, the SBA guaranteed $31,000.

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 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs.

Next Steps for Getting an SBA Loan

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

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:

Business Credit Evaluation

Banks in Fargo, North Dakota

SBA Participating Banks in North Dakota