Borrow Money to Buy a Rapid Refill Ink Franchise

Borrowing money to buy a Rapid Refill Ink franchise? American Federal Bank has a history of making these loans and they are guaranteed by the SBA.

Rapid Refill Ink franchise loans are available to Fargo, North Dakota entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, American Federal Bank, based in Fargo, North Dakota, issued an SBA franchise loan for a Rapid Refill Ink franchise in 2006. We've got all the details on this North Dakota small business loan.

SBA Loan Borrower

RAPID REFILL INK
FARGO, ND 58103

SBA Loan Lender

AMERICAN FEDERAL BANK
215 N FIFTH ST
FARGO, ND 58108

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA small business loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5943 - Stationery Stores

NAICS Code

453210 - Office Supplies and Stationery

Loan Approval Date

12/1/2006

Loan Approval Gross Amount

$171,000

Loan Approval from the SBA

Of the total $171,000 loan amount, the SBA guaranteed $128,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Rapid Refill Ink franchise. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This SBA loan was for $171,000. How would you spend $171,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Rapid Refill Ink International, LLC

Accountant's Role in Securing Financing

SBA Approved Banks in Fargo, North Dakota

North Dakota SBA 7A Lenders