SBA Loans for Book Stores

With these SBA loans for book stores, the SBA guarantees the lender that the loan will be repaid. This book stores loan for $45,000 was given to a North Dakota entrepreneur in 2003.

This business knew how to go about getting a business bank loan. Based in Dickinson, North Dakota, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Kirkwood Bank And Trust, based in Dickinson, North Dakota.

SBA Loan Borrower

COMPANY TYPE: BOOK STORES
DICKINSON, ND 58601

SBA Loan Lender

KIRKWOOD BANK AND TRUST
221 1ST AVE WEST
DICKINSON, ND 58601

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

451211 - Book Stores

Loan Approval Date

9/5/2003

Loan Approval Gross Amount

$45,000

Loan Approval from the SBA

Of the total $45,000 loan amount, the SBA guaranteed $38,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the funding 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.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Kirkwood Bank And Trust and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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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SBA Banks in Dickinson, North Dakota

North Dakota SBA Banks