Harvey, North Dakota Bank Lends Money to General Automotive Repair Company in Martin, North Dakota
Want to talk with a Harvey, North Dakota bank about a business loan? Here's one North Dakota business loan, issued by a Harvey bank, that was approved by the SBA.
Applying for an SBA loan with The National Bank Of Harvey worked out well for our friends at one local firm in Martin, North Dakota. They got an SBA loan for $150,000. Nice!
SBA Loan Borrower
COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR
MARTIN, ND 58758
SBA Loan Lender
THE NATIONAL BANK OF HARVEY
920 LINCOLN AVE
HARVEY, ND 58341
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. Right now, the maximum small business loan for this SBA program is $100,000.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
811111 - General Automotive Repair
Loan Approval Date
7/16/2002
Loan Approval Gross Amount
$150,000
Loan Approval from the SBA
Of the total $150,000 loan amount, the SBA guaranteed $127,500.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had 5 employees. The loan application did not indicate that the small business planned to use the funding to add employees or retain any existing employees.
Getting an SBA Loan For Your Business
SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.
While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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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Small Business Banks in Harvey, North Dakota
Getting an SBA Loan in North Dakota