Small Business Loans for Warehousing and Storage

Looking for small business loans for warehousing and storage? Talk to a banker who works with the SBA. This $100,000 warehousing and storage loan was issued by a North Dakota bank.

This small firm received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with State Bank & Trust, out of Fargo, North Dakota. The loan was granted and they received $100,000 to help grow their Fargo, North Dakota business.

SBA Loan Borrower

COMPANY TYPE: WAREHOUSING AND STORAGE
FARGO, ND 58102

SBA Loan Lender

STATE BANK & TRUST
3100 13TH AVE SW
FARGO, ND 58103

This bank loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

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

493190 - Warehousing and Storage

Loan Approval Date

3/17/2005

Loan Approval Gross Amount

$100,000

Loan Approval from the SBA

Of the total $100,000 loan amount, the SBA guaranteed $50,000.

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. The SBA loan documents indicated that the loan would help generate 1 new job and retain 1 existing job.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into State Bank & Trust and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Advice on Getting a Small Business Loan

Best Fargo, North Dakota Banks for Small Business

Getting a Business Loan in North Dakota