Fargo, North Dakota Bank Gives SBA Loan to Furniture Stores Company

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

Applying for an SBA loan with First Internatl Bank & Tr worked out well for our friends at one local business in Fargo, North Dakota. The business was able to get an SBA loan for $370,000. Way to go!

SBA Loan Borrower

COMPANY TYPE: FURNITURE STORES
FARGO, ND 58103

SBA Loan Lender

FIRST INTERNATL BANK & TR
3101 N BROADWAY
FARGO, ND 58102

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5712 - Furniture Stores

NAICS Code

442110 - Furniture Stores

Loan Approval Date

5/2/2002

Loan Approval Gross Amount

$370,000

Loan Approval from the SBA

Of the total $370,000 loan amount, the SBA guaranteed $277,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 16 employees. The loan application did not indicate that the company planned to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a company in Fargo ND, you ought to talk with a local Fargo SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Fargo businesses.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

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SBA Participating Banks in Fargo, North Dakota

SBA North Dakota Banks