Mandan, North Dakota Bank Lends Money to Farm Supplies Company in Mandan, North Dakota

Get small business loans from a Mandan, North Dakota bank that knows how to treat small business owners right! If this company can get a loan, there's no reason you can't do it too.

Security 1st Bank - No. Dakota is a Mandan, North Dakota small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a North Dakota company.

SBA Loan Borrower

COMPANY TYPE: FARM SUPPLIES
MANDAN, ND 58554

SBA Loan Lender

SECURITY 1ST BANK - NO. DAKOTA
614 W MAIN ST
MANDAN, ND 58554

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA small business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5191 - Farm Supplies

NAICS Code

422910 - Farm Supplies Wholesalers

Loan Approval Date

2/11/2004

Loan Approval Gross Amount

$544,000

Loan Approval from the SBA

Of the total $544,000 loan amount, the SBA guaranteed $408,000.

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 8 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are raising money in Mandan ND, you ought to talk with a local Mandan SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Mandan businesses.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $544,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

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SBA Approved Banks in Mandan, North Dakota

SBA Participating Banks in North Dakota