Kirkwood Bank And Trust Gives Small Business Loan to Carpet And Upholstery Cleaning Services Company

North DakotaSBA loans are available to North Dakota entrepreneurs through the SBA. In this case, a North Dakota bank provides the loan.

You can learn something about getting a small business loan in Dickinson, North Dakota by studying this loan to a local business, made back in 2002. Banks like Kirkwood Bank And Trust may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

COMPANY TYPE: CARPET AND UPHOLSTERY CLEANING SERVICES
DICKINSON, ND 58601

SBA Loan Lender

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

This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with appliying for an SBA loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561740 - Carpet and Upholstery Cleaning Services

Loan Approval Date

8/6/2002

Loan Approval Gross Amount

$44,300

Loan Approval from the SBA

Of the total $44,300 loan amount, the SBA guaranteed $37,655.

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 2 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

SBIR Funding

SBA 7A Banks for Dickinson, North Dakota Loans

SBA Lenders in North Dakota