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November 15, 2024 |
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| Home > Small Business Lenders by State > North Dakota Business Loan Sources > Park River, Business Loans > First United Bank Park River Business Loans > Sports And Recreation Instruction Loan | ||||
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Raising Money in Grafton, North Dakota With SBA Loans
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Sports and Recreation Instruction Commercial LoansLooking for commercial loans for sports and recreation instruction? The SBA may be the answer. This $25,000 sports and recreation instruction loan was issued by a North Dakota bank. This business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with First United Bank, out of Park River, North Dakota. The loan was granted and they received $25,000 to help grow their Grafton, North Dakota business. SBA Loan Borrower COMPANY TYPE: SPORTS AND RECREATION INSTRUCTION SBA Loan Lender FIRST UNITED BANK This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 611620 - Sports and Recreation Instruction Loan Approval Date 6/16/2005 Loan Approval Gross Amount $25,000 Loan Approval from the SBA Of the total $25,000 loan amount, the SBA guaranteed $21,250. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to increase staffing levels 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. This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: Good Banks for Small Business in Park River, North Dakota
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