Where to Get Capital for General Freight Trucking, Local

Looking for small business loans for general freight trucking, local? An SBA loan may be just what you've been looking for. This $140,000 general freight trucking, local loan was issued by a North Dakota bank.

This company received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Farmers & Merchants St. Bk, out of Langdon, North Dakota. The loan was granted and they received $140,000 to help grow their Langdon, North Dakota business.

SBA Loan Borrower

COMPANY TYPE: TRUCKING
LANGDON, ND 58249

SBA Loan Lender

FARMERS & MERCHANTS ST. BK
816 THIRD ST
LANGDON, ND 58249

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA business loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4213 - Trucking

NAICS Code

484110 - General Freight Trucking, Local

Loan Approval Date

7/22/2002

Loan Approval Gross Amount

$140,000

Loan Approval from the SBA

Of the total $140,000 loan amount, the SBA guaranteed $119,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 37 employees. The loan application did not indicate that the small business promised to use the funding 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.

This company got an SBA loan. You can too! Maybe you need seed money for business? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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:

Determining Proper Capital Structure for a Business

Banks in Langdon, North Dakota

North Dakota SBA 7A Banks