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November 15, 2024 |
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| Home > Small Business Lenders by State > North Dakota Business Loan Sources > Mcville, Business Loans > Mcville State Bank Mcville Business Loans > Pesticides And Agricultural Chemicals Loan | ||||
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North Dakota Small Business SBA Loans
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Lakota, North Dakota Entrepreneur Gets a Business LoanBank loans in North Dakota are tough to come by these days. We take a look at one North Dakota bank loan, provided by a North Dakota bank, that was approved by the SBA. Getting a small business loan in Lakota, North Dakota was a top priority for this loan applicant back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Mcville State Bank. Here are the details on this North Dakota small business loan. SBA Loan Borrower COMPANY TYPE: PESTICIDES AND AGRICULTURAL CHEMICALS SBA Loan Lender MCVILLE STATE BANK This bank 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 2879 - Pesticides and Agricultural Chemicals NAICS Code 325320 - Pesticide and Agricultural Chemical Manufacturing Loan Approval Date 11/24/2003 Loan Approval Gross Amount $700,000 Loan Approval from the SBA Of the total $700,000 loan amount, the SBA guaranteed $525,000. 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 4 employees. The SBA loan application for the borrower did not indicate that the company promised to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. We can help you find the best banks for small businesses in Lakota or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Who Lends Money to Small Businesses in Mcville, North Dakota
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