Business Loan from Dakota Commun Bank Given to Power And Communication Transmission Line Construction Company

An SBA loan from Dakota Commun Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Mandan, North Dakota business owner got a $58,000 loan.

This growing company received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Dakota Commun Bank, out of Mandan, North Dakota. The loan was granted and they received $58,000 to help grow their Mandan, North Dakota business.

SBA Loan Borrower

COMPANY TYPE: POWER AND COMMUNICATION TRANSMISSION LINE CONSTRUCTION
MANDAN, ND 58554

SBA Loan Lender

DAKOTA COMMUN BANK
4321 MEMORIAL HWY
MANDAN, ND 58554

This lender issued this particular bank 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.

NAICS Code

234920 - Power and Communication Transmission Line Construction

Loan Approval Date

1/16/2001

Loan Approval Gross Amount

$58,000

Loan Approval from the SBA

Of the total $58,000 loan amount, the SBA guaranteed $49,300.

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 3 employees. The loan application did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees.

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For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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