Grain and Field Bean Wholesalers Commercial Loans

With these commercial loans for grain and field bean wholesalers, the SBA guarantees the lender that the loan will be repaid. This grain and field bean wholesalers loan for $35,000 was given to a North Dakota entrepreneur in 2000.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Langdon, North Dakota was able to borrow $35,000 from Choice Financial Group. The SBA made the loan possible by guaranteeing $28,000 of this North Dakota small business loan.

SBA Loan Borrower

COMPANY TYPE: RETAIL STORES
LANGDON, 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.

SIC Code

5999 - Retail Stores

NAICS Code

422510 - Grain and Field Bean Wholesalers

Loan Approval Date

10/3/2000

Loan Approval Gross Amount

$35,000

Loan Approval from the SBA

Of the total $35,000 loan amount, the SBA guaranteed $28,000.

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. This SBA loan request did not indicate that the company planned to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Every year, the SBA guarantees over $10 billion for loans just like this one.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Choice Financial Group had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Choice Financial Group made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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