Fargo, ND Entrepreneur Gets SBA Loan to Buy Oreck Floor Care Center Franchise

Need a loan to purchase an Oreck Floor Care Center franchise? Ramsey National Bank & Trust - Devi has a history of making these loans and they are guaranteed by the SBA.

Oreck Floor Care Center franchise loans are available to Fargo, North Dakota entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Ramsey National Bank & Trust - Devi, based in Devils Lake, North Dakota, issued an SBA franchise loan for an Oreck Floor Care Center franchise in 2007. We've got all the details on this North Dakota small business loan.

SBA Loan Borrower

WHIRLED PIECE, INC - INVENTORY
FARGO, ND 58103

SBA Loan Lender

RAMSEY NATIONAL BANK & TRUST - DEVI
300 4TH ST NE
DEVILS LAKE, ND 58301

This lender processed this debt financing 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

443111 - Household Appliance Stores

Loan Approval Date

10/1/2007

Loan Approval Gross Amount

$21,100

Loan Approval from the SBA

Of the total $21,100 loan amount, the SBA guaranteed $10,550.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy an Oreck Floor Care Center franchise. At the time of the loan, the company had no employees. The SBA loan documents indicated that the loan would help create 2 new jobs.

Next Steps for Getting an SBA Loan

If you need money to start a business or need money to grow a business, an SBA loan can be a great source of funding.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Ramsey National Bank & Trust - Devi had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Ramsey National Bank & Trust - Devi made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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:

The Friends and Family Network

SBA Participating Banks in Devils Lake, North Dakota

SBA Lenders in North Dakota