Getting an SBA Loan for Hardware Stores

Looking for commercial loans for hardware stores? Try the SBA. This $150,000 hardware stores loan was issued by a Minnesota bank.

Getting a small business loan in Fargo, North Dakota was important for this business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from State Bank & Trust, operating out of Moorhead, Minnesota. Here are the details on this North Dakota small business loan.

SBA Loan Borrower

COMPANY TYPE: HARDWARE STORES
FARGO, ND 58102

SBA Loan Lender

STATE BANK & TRUST
1333 SOUTH 8TH ST
MOORHEAD, MN 56560

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

444130 - Hardware Stores

Loan Approval Date

9/29/2003

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 11 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $150,000 loan. Remember, if it to be, it is up to me!

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:

Business Cash Advances

Best Moorhead, Minnesota Banks for Small Business

SBA Minnesota Lenders