Jamestown, North Dakota Lender Lends Money to Livestock Merchant Wholesalers Company

Get to know Jamestown, North Dakota banks that specialize in business loans and know how to work with entrepreneurs. First Community Cu is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Fargo, North Dakota starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from First Community Cu. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: LIVESTOCK MERCHANT WHOLESALERS
FARGO, ND 58103

SBA Loan Lender

FIRST COMMUNITY CU
111 SW 9TH ST
JAMESTOWN, ND 58401

This lender processed this SBA 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

424520 - Livestock Merchant Wholesalers

Loan Approval Date

8/16/2006

Loan Approval Gross Amount

$300,000

Loan Approval from the SBA

Of the total $300,000 loan amount, the SBA guaranteed $150,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. This SBA loan request indicated that the loan would help retain 2 existing jobs.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $300,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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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Best Banks for Small Business in Jamestown, North Dakota

SBA North Dakota Lenders