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November 15, 2024 |
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| Home > Small Business Lenders by State > North Dakota Business Loan Sources > Enderlin, Business Loans > Cornerstone Bank Enderlin Business Loans > Foundation, Structure, And Building Exterior Contractors Loan | ||||
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North Dakota SBA Banks
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Enderlin, North Dakota Lender Lends Money to Foundation, Structure, And Building Exterior Contractors CompanyAn Enderlin, North Dakota SBA loan can be yours. Learn how a company got a $196,500 business loan from this North Dakota bank. This loan to an entrepreneur is a good example of an SBA loan. Cornerstone Bank made the loan and the SBA guaranteed a portion of the loan. Many other North Dakota entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: FOUNDATION, STRUCTURE, AND BUILDING EXTERIOR CONTRACTORS SBA Loan Lender CORNERSTONE BANK This lender processed this small 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 238190 - Foundation, Structure, and Building Exterior Contractors Loan Approval Date 3/31/2007 Loan Approval Gross Amount $196,500 Loan Approval from the SBA Of the total $196,500 loan amount, the SBA guaranteed $98,250. 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 only one employee. The SBA loan documents indicated that the borrowed money would help generate 13 new jobs. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Cornerstone Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Cornerstone Bank 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. Related Links: Role of Business Plan When Raising Money Best Banks in Enderlin, North Dakota Browse All Business Loan Sources for North Dakota
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