New Single-Family Housing Construction Loans

Looking for loans for new single-family housing construction? The SBA may be the answer. This $250,300 new single-family housing construction loan was issued by a North Dakota bank.

This company knew how to go about getting a business bank loan. Based in Finley, North Dakota, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was The Goose River Bank, based in Mayville, North Dakota.

SBA Loan Borrower

COMPANY TYPE: EXCAVATION WORK
FINLEY, ND 58220

SBA Loan Lender

THE GOOSE RIVER BANK
44 W MAIN ST
MAYVILLE, ND 58257

This lender issued this SBA bank loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1794 - Excavation Work

NAICS Code

236115 - New Single-Family Housing Construction

Loan Approval Date

4/23/2004

Loan Approval Gross Amount

$250,300

Loan Approval from the SBA

Of the total $250,300 loan amount, the SBA guaranteed $187,725.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The loan application did not indicate that the small business planned to use the funding to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

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

This SBA loan was for $250,300. How would you spend $250,300 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:

Equity Financing

Who Lends Money to Small Businesses in Mayville, North Dakota

Where to Get an SBA Loan North Dakota