Dickinson, North Dakota Entrepreneur Gets a Bank Loan

SBA loans in North Dakota are tough to come by these days. We take a look at one North Dakota SBA loan, provided by a North Dakota bank, that was approved by the SBA.

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 2001. Banks like Dakota Commun Bank may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

COMPANY TYPE: DENTISTS
DICKINSON, ND 58601

SBA Loan Lender

DAKOTA COMMUN BANK
353 19TH ST WEST
DICKINSON, ND 58601

This lender issued this particular commercial 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.

NAICS Code

621210 - Dentists

Loan Approval Date

7/18/2001

Loan Approval Gross Amount

$123,700

Loan Approval from the SBA

Of the total $123,700 loan amount, the SBA guaranteed $105,145.

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 6 employees. This SBA loan request did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are working on finding money to start a business in Dickinson ND, you ought to talk with a local Dickinson SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Dickinson businesses.

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:

Small Business Loan

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