Finley, North Dakota Bank Lends Money to Site Preparation Contractors Company in Emerado, North Dakota

Want to talk with a Finley, North Dakota bank about a small business loan? Here's one North Dakota business loan, issued by a Finley bank, that was approved by the SBA.

Applying for an SBA loan with Cit. St. Bank - Finley worked out well for our friends at one local company in Emerado, North Dakota. They got an SBA loan for $350,000. Sweet!

SBA Loan Borrower

COMPANY TYPE: SITE PREPARATION CONTRACTORS
EMERADO, ND 58228

SBA Loan Lender

CIT. ST. BANK - FINLEY
300 CENTRAL AVE
FINLEY, ND 58230

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

238910 - Site Preparation Contractors

Loan Approval Date

12/10/2007

Loan Approval Gross Amount

$350,000

Loan Approval from the SBA

Of the total $350,000 loan amount, the SBA guaranteed $175,000.

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 18 employees. This SBA loan request indicated that the loan would help retain 18 existing jobs.

Getting an SBA Loan For Your Business

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Cit. St. Bank - Finley had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Cit. St. Bank - Finley made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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Small Business Banks in Finley, North Dakota

Where to Get an SBA Loan North Dakota