SBA Loan from Dacotah Bank Helps Eating Places Company

An SBA loan from Dacotah Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Hettinger, North Dakota business owner got a $130,400 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Hettinger, North Dakota was able to borrow $130,400 from Dacotah Bank. The SBA made the loan possible by guaranteeing $110,840 of this North Dakota small business loan.

SBA Loan Borrower

COMPANY TYPE: EATING PLACES
HETTINGER, ND 58639

SBA Loan Lender

DACOTAH BANK
121 N MAIN ST
HETTINGER, ND 58639

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

5812 - Eating Places

NAICS Code

722110 - Full-Service Restaurants

Loan Approval Date

12/28/2005

Loan Approval Gross Amount

$130,400

Loan Approval from the SBA

Of the total $130,400 loan amount, the SBA guaranteed $110,840.

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 20 employees. The SBA loan documents did not indicate that the small business planned to use the funding to add employees or retain any existing employees.

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

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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Getting an SBA Loan in North Dakota