SBA Loan from Citizens Community Cu Helps Scale And Balance Manufacturing Company

Citizens Community Cu has a track record as a leading provider of SBA loans. Find out how this North Dakota entrepreneur received an SBA loan from them.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Esmond, North Dakota was able to borrow $21,800 from Citizens Community Cu. The SBA made the loan possible by guaranteeing $10,900 of this North Dakota small business loan.

SBA Loan Borrower

COMPANY TYPE: SCALE AND BALANCE MANUFACTURING
ESMOND, ND 58332

SBA Loan Lender

CITIZENS COMMUNITY CU
1117 HWY 2 SE
DEVILS LAKE, ND 58301

This lender processed this business loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

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

333997 - Scale and Balance Manufacturing

Loan Approval Date

7/25/2005

Loan Approval Gross Amount

$21,800

Loan Approval from the SBA

Of the total $21,800 loan amount, the SBA guaranteed $10,900.

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. The SBA loan application for the borrower indicated that the loan would help generate 2 new jobs and retain 2 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Citizens Community Cu had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Citizens Community Cu 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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