Farm and Garden Machinery and Equipment Wholesalers Loans

Looking for loans for farm and garden machinery and equipment wholesalers? Talk to a banker who works with the SBA. This $176,000 farm and garden machinery and equipment wholesalers loan was issued by a North Dakota bank.

Getting a small business loan in Mcville, North Dakota was important for this growing firm back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Bremer Bank, operating out of Fargo, North Dakota. Here are the details on this North Dakota small business loan.

SBA Loan Borrower

COMPANY TYPE: FARM AND GARDEN MACHINERY AND EQUIPMENT
MCVILLE, ND 58254

SBA Loan Lender

BREMER BANK
1444 45TH ST SW
FARGO, ND 58103

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

5083 - Farm and Garden Machinery and Equipment

NAICS Code

421820 - Farm and Garden Machinery and Equipment Wholesalers

Loan Approval Date

7/21/2000

Loan Approval Gross Amount

$176,000

Loan Approval from the SBA

Of the total $176,000 loan amount, the SBA guaranteed $132,000.

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 7 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.

This company got an SBA loan. You can too! Maybe you need seed money for a small business? Maybe you want money to buy a franchise? 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:

Financing Your Business

SBA Approved Banks in Fargo, North Dakota

SBA Lenders in North Dakota