Business Loan from Choice Financial Group Given to Commercial Screen Printing Company

An SBA loan from Choice Financial Group typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Landgon, North Dakota business owner got a $105,000 loan.

This business knew how to go about getting a business bank loan. Based in Landgon, North Dakota, they applied for and received an SBA-guaranteed loan in 2001. The lending bank was Choice Financial Group, based in Langdon, North Dakota.

SBA Loan Borrower

COMPANY TYPE: COMMERCIAL SCREEN PRINTING
LANDGON, ND 58249

SBA Loan Lender

CHOICE FINANCIAL GROUP
210 8TH AVE
LANGDON, ND 58249

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

323113 - Commercial Screen Printing

Loan Approval Date

11/29/2001

Loan Approval Gross Amount

$105,000

Loan Approval from the SBA

Of the total $105,000 loan amount, the SBA guaranteed $89,250.

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 3 employees. The loan application did not indicate that the business promised to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Choice Financial Group and they will explain how you can get an SBA loan for your company.

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:

Business Credit Evaluation

SBA 7A Banks for Langdon, North Dakota Loans

North Dakota SBA Banks