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November 15, 2024 |
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| Home > Small Business Lenders by State > North Dakota Business Loan Sources > Grafton, Business Loans > Choice Financial Group Grafton Business Loans > Iron And Steel Mills Loan | ||||
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How to Get an SBA Loan in Grafton, North Dakota
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Grafton, North Dakota Entrepreneur Gets a Bank LoanNorth DakotaSBA loans are available to North Dakota entrepreneurs through the SBA. In this case, a North Dakota bank provides the loan. You can learn something about getting a small business loan in Grafton, North Dakota by studying this loan to a local business, made back in 2004. Banks like Choice Financial Group may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: IRON AND STEEL MILLS SBA Loan Lender CHOICE FINANCIAL GROUP This lender processed this SBA loan 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 331111 - Iron and Steel Mills Loan Approval Date 11/16/2004 Loan Approval Gross Amount $250,000 Loan Approval from the SBA Of the total $250,000 loan amount, the SBA guaranteed $125,000. 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 SBA loan application for the borrower indicated that the loan would help generate 7 new jobs and retain 15 existing jobs. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $250,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: Small Business Banks in Grafton, North Dakota
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