Raising Money for Farm and Garden Machinery and Equipment Wholesalers

Looking for business loans for farm and garden machinery and equipment wholesalers? Talk to a banker who works with the SBA. This $168,800 farm and garden machinery and equipment wholesalers loan was issued by a North Dakota bank.

This business knew how to go about getting a business bank loan. Based in Galesburg, North Dakota, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was The Goose River Bank, based in Hillsboro, North Dakota.

SBA Loan Borrower

COMPANY TYPE: FARM AND GARDEN MACHINERY AND EQUIPMENT
GALESBURG, ND 58035

SBA Loan Lender

THE GOOSE RIVER BANK
515 W CALEDONIA AVE
HILLSBORO, ND 58045

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5083 - Farm and Garden Machinery and Equipment

NAICS Code

421820 - Farm and Garden Machinery and Equipment Wholesalers

Loan Approval Date

9/26/2002

Loan Approval Gross Amount

$168,800

Loan Approval from the SBA

Of the total $168,800 loan amount, the SBA guaranteed $126,600.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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 7A Banks for Hillsboro, North Dakota Loans

SBA Participating Banks in North Dakota