Entrepreneur Works With Dilworth, Minnesota Bank to Get an SBA Loan
Want to talk with a Dilworth, Minnesota bank about a small business loan? Here's one Minnesota business loan, issued by a Dilworth bank, that was approved by the SBA.
Applying for an SBA loan with Northwestern Bank worked out well for our friends at one local firm in Moorhead, Minnesota. They got an SBA loan for $51,200. Sweet!
SBA Loan Borrower
COMPANY TYPE: VALVES AND PIPE FITTINGS
MOORHEAD, MN 56560
SBA Loan Lender
NORTHWESTERN BANK
4 N MAIN ST
DILWORTH, MN 56529
This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
3494 - Valves and Pipe Fittings
NAICS Code
332999 - Fabricated Metal Product Manufacturing
Loan Approval Date
8/21/2002
Loan Approval Gross Amount
$51,200
Loan Approval from the SBA
Of the total $51,200 loan amount, the SBA guaranteed $43,520.
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 3 employees. The loan application did not indicate that the small business planned to use the funding to add employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.
We can help you find the best banks for small businesses in Moorhead or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.
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:
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SBA Participating Banks in Dilworth, Minnesota
Where to Get an SBA Loan Minnesota