Business Loan from State Bank & Trust Of Kenmare Given to Travel Trailers And Campers Company

State Bank & Trust Of Kenmare is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one North Dakota entrepreneur who tapped into the power of SBA loans.

This growing company received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with State Bank & Trust Of Kenmare, out of Kenmare, North Dakota. The loan was granted and they received $57,400 to help grow their Kenmare, North Dakota business.

SBA Loan Borrower

COMPANY TYPE: TRAVEL TRAILERS AND CAMPERS
KENMARE, ND 58746

SBA Loan Lender

STATE BANK & TRUST OF KENMARE
4 NW SECOND ST
KENMARE, ND 58746

This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3792 - Travel Trailers and Campers

NAICS Code

336214 - Travel Trailer and Camper Manufacturing

Loan Approval Date

1/24/2002

Loan Approval Gross Amount

$57,400

Loan Approval from the SBA

Of the total $57,400 loan amount, the SBA guaranteed $48,790.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 17 employees. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees.

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

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

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like State Bank & Trust Of Kenmare are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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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