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November 14, 2024 |
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| Home > Small Business Lenders by State > North Dakota Business Loan Sources > Devils Lake, Business Loans > Western State Bank Devils Lake Business Loans > Grain And Field Beans Loan | ||||
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SBA Lenders in North Dakota
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Loans for Grain and Field Bean WholesalersLooking for loans for grain and field bean wholesalers? The SBA may be the answer. This $250,000 grain and field bean wholesalers loan was issued by a North Dakota bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Langdon, North Dakota was able to borrow $250,000 from Western State Bank. The SBA made the loan possible by guaranteeing $225,000 of this North Dakota small business loan. SBA Loan Borrower COMPANY TYPE: GRAIN AND FIELD BEANS SBA Loan Lender WESTERN STATE BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5153 - Grain and Field Beans NAICS Code 422510 - Grain and Field Bean Wholesalers Loan Approval Date 5/17/2001 Loan Approval Gross Amount $250,000 Loan Approval from the SBA Of the total $250,000 loan amount, the SBA guaranteed $225,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds 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 Western State Bank 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: The Friends and Family Network Best Banks in Devils Lake, North Dakota
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