Financing for Support Services

Looking for loans for support services? Talk to a banker who works with the SBA. This $61,100 support services loan was issued by a North Dakota bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Minot, North Dakota was able to borrow $61,100 from Town & Country Cu. The SBA made the loan possible by guaranteeing $51,935 of this North Dakota small business loan.

SBA Loan Borrower

COMPANY TYPE: SUPPORT SERVICES
MINOT, ND 58701

SBA Loan Lender

TOWN & COUNTRY CU
615 S BROADWAY
MINOT, ND 58702

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide bank loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

561990 - Support Services

Loan Approval Date

8/9/2007

Loan Approval Gross Amount

$61,100

Loan Approval from the SBA

Of the total $61,100 loan amount, the SBA guaranteed $51,935.

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. The SBA loan documents indicated that the loan would help retain 3 existing jobs.

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

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Town & Country Cu are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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:

Understanding Dilution

SBA 7A Banks in Minot, North Dakota

SBA Participating Banks in North Dakota