Entrepreneur Works With Minot, North Dakota Bank to Get an SBA Loan

Thinking about meeting with a Minot, North Dakota bank about a small business loan? Here's one North Dakota business loan, issued by a Minot bank, that was approved by the SBA.

Applying for an SBA loan with Dacotah Bank worked out well for our friends at one local business in Minot, North Dakota. The business was able to get an SBA loan for $32,400. Awesome!

SBA Loan Borrower

COMPANY TYPE: PERSONAL SERVICES
MINOT, ND 58701

SBA Loan Lender

DACOTAH BANK
2401 N BROADWAY
MINOT, ND 58703

This lender issued this particular business 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.

SIC Code

7299 - Personal Services

Loan Approval Date

5/25/2000

Loan Approval Gross Amount

$32,400

Loan Approval from the SBA

Of the total $32,400 loan amount, the SBA guaranteed $25,920.

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 only one employee. This SBA loan request did not indicate that the business promised to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a business in Minot ND, you ought to talk with a local Minot SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Minot businesses.

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.

Related Links:

Obtaining Funding - How to Borrow Money

SBA Banks in Minot, North Dakota

SBA Participating Banks in North Dakota