Entrepreneur Works With Langdon, North Dakota Bank to Get an SBA Loan

Want to talk with a Langdon, North Dakota bank about an SBA loan? Here's one North Dakota business loan, issued by a Langdon bank, that was approved by the SBA.

Applying for an SBA loan with Choice Financial Group worked out well for our friends at one local business in Langdon, North Dakota. The business was able to get an SBA loan for $150,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: RADIO BROADCASTING STATIONS
LANGDON, ND 58249

SBA Loan Lender

CHOICE FINANCIAL GROUP
210 8TH AVE
LANGDON, ND 58249

This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4832 - Radio Broadcasting Stations

Loan Approval Date

8/11/2000

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $112,500.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 7 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Choice Financial Group that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Small Business Credit Cards

SBA Approved Banks in Langdon, North Dakota

SBA Lenders in North Dakota