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December 19, 2024 |
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| Home > Small Business Lenders by State > North Dakota Business Loan Sources > Mclean, Business Loans > Capital One Mclean Business Loans > Crop Harvesting, Primarily By Machine Loan | ||||
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Mclean Bank Loan
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Mclean, Virginia Bank Lends Money to Crop Harvesting, Primarily By Machine Company in Minto, North DakotaGet to know Mclean, Virginia banks that specialize in small business loans and know how to work with entrepreneurs. Capital One is one such bank, as evidenced by this SBA loan to a growing company. Finding a small business loan in Minto, North Dakota starts with an understanding of who else has gotten loans in the area. In this case, a local company received funding from Capital One. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: CROP HARVESTING, PRIMARILY BY MACHINE SBA Loan Lender CAPITAL ONE This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 115113 - Crop Harvesting, Primarily by Machine Loan Approval Date 3/9/2005 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $50,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 33 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 33 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide smart, affordable business financing for small businesses looking to expand. We can help you find the best banks for small businesses in Minto 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: Obtaining Funding - How to Decide How Much to Raise Best Mclean, Virginia Banks for Small Business Getting a Business Loan in Virginia
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