Raising Money for Meat and Meat Product Merchant Wholesalers

With these business loans for meat and meat product merchant wholesalers, the SBA guarantees the lender that the loan will be repaid. This meat and meat product merchant wholesalers loan for $100,000 was given to a North Dakota entrepreneur in 2007.

Getting a small business loan in New Rockford, North Dakota was important for this small business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Capital Cu, operating out of Bismarck, North Dakota. Here are the details on this North Dakota small business loan.

SBA Loan Borrower

COMPANY TYPE: MEAT AND MEAT PRODUCT MERCHANT WHOLESALERS
NEW ROCKFORD, ND 58356

SBA Loan Lender

CAPITAL CU
204 W THAYER AVE
BISMARCK, ND 58501

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

424470 - Meat and Meat Product Merchant Wholesalers

Loan Approval Date

2/23/2007

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. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 7 employees. This SBA loan request indicated that the loan would help retain 7 existing jobs.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Capital Cu and they will explain how you can get an SBA loan for your company.

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:

Getting a Small Business Loan

Who Lends Money to Small Businesses in Bismarck, North Dakota

North Dakota SBA 7A Banks