Raising Money for Industrial Supplies Wholesalers

Looking for business loans for industrial supplies wholesalers? Try the SBA. This $375,000 industrial supplies wholesalers loan was issued by a North Dakota bank.

This business knew how to go about getting a business bank loan. Based in Glen Ullin, North Dakota, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Bank Of Glen Ullin, based in Glen Ullin, North Dakota.

SBA Loan Borrower

COMPANY TYPE: INDUSTRIAL SUPPLIES
GLEN ULLIN, ND 58631

SBA Loan Lender

BANK OF GLEN ULLIN
106 S AVE WEST
GLEN ULLIN, ND 58631

This lender issued this business 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

5085 - Industrial Supplies

NAICS Code

421840 - Industrial Supplies Wholesalers

Loan Approval Date

2/27/2007

Loan Approval Gross Amount

$375,000

Loan Approval from the SBA

Of the total $375,000 loan amount, the SBA guaranteed $281,250.

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 15 employees. The loan application did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees.

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

If you are wondering how to raise money for a business in Glen Ullin ND, you ought to talk with a local Glen Ullin SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Glen Ullin businesses.

We can help you find the best banks for small businesses in Glen Ullin or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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.

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