SBA Loan from Citizens Community Cu Helps Nitrogenous Fertilizers Company

An SBA loan from Citizens Community Cu typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Forest River, North Dakota business owner got a $400,000 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Forest River, North Dakota was able to borrow $400,000 from Citizens Community Cu. The SBA made the loan possible by guaranteeing $300,000 of this North Dakota small business loan.

SBA Loan Borrower

COMPANY TYPE: NITROGENOUS FERTILIZERS
FOREST RIVER, ND 58233

SBA Loan Lender

CITIZENS COMMUNITY CU
1117 HWY 2 SE
DEVILS LAKE, ND 58301

This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2873 - Nitrogenous Fertilizers

NAICS Code

325311 - Nitrogenous Fertilizer Manufacturing

Loan Approval Date

2/15/2007

Loan Approval Gross Amount

$400,000

Loan Approval from the SBA

Of the total $400,000 loan amount, the SBA guaranteed $300,000.

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 4 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Citizens Community Cu so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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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SBA Approved Banks in Devils Lake, North Dakota

Getting an SBA Loan in North Dakota