Starion Financial Gives SBA Loan to Hat, Cap, And Millinery Manufacturing Company

Small business loans in North Dakota are hard to find these days. We take a look at one North Dakota small business loan, provided by a North Dakota bank, that was approved by the SBA.

Getting a small business loan in Mandan, North Dakota was a top priority for this small company back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Starion Financial. Here are the details on this North Dakota small business loan.

SBA Loan Borrower

COMPANY TYPE: HAT, CAP, AND MILLINERY MANUFACTURING
MANDAN, ND 58554

SBA Loan Lender

STARION FINANCIAL
333 N 4TH
BISMARCK, ND 58501

This was a Low Documentation SBA loan. The SBA created this program to reduce the paperwork associated with borrowing money. The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

315991 - Hat, Cap, and Millinery Manufacturing

Loan Approval Date

4/21/2004

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $21,250.

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 SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Many small businesses receive loans backed by the U.S. Small Business Administration.

This SBA loan was for $25,000. How would you spend $25,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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