Fargo, North Dakota Lender Lends Money to Transportation Equipment Company

Find Fargo, North Dakota banks that specialize in small business loans and know how to work with entrepreneurs. First Internatl Bank & Tr is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Harwood, North Dakota starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from First Internatl Bank & Tr. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: TRANSPORTATION EQUIPMENT
HARWOOD, ND 58042

SBA Loan Lender

FIRST INTERNATL BANK & TR
3101 N BROADWAY
FARGO, ND 58102

This lender issued this SBA business loan under the 7A SBA program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 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

3799 - Transportation Equipment

NAICS Code

336999 - Transportation Equipment Manufacturing

Loan Approval Date

3/10/2004

Loan Approval Gross Amount

$450,000

Loan Approval from the SBA

Of the total $450,000 loan amount, the SBA guaranteed $337,500.

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 15 employees. The loan application did not indicate that the company promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

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.

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