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November 22, 2024  
 
 
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Who Can Get a Business Loan in New Town, North Dakota?

 

 
Loan Census SBA Loan Info

Beer, Wine, and Liquor Stores Business Loans

Looking for business loans for beer, wine, and liquor stores? An SBA loan may be just what you've been looking for. This $96,000 beer, wine, and liquor stores loan was issued by a North Dakota bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in New Town, North Dakota was able to borrow $96,000 from Lakeside State Bank. The SBA made the loan possible by guaranteeing $76,800 of this North Dakota small business loan.

SBA Loan Borrower

COMPANY TYPE: LIQUOR STORES
NEW TOWN, ND 58763

SBA Loan Lender

LAKESIDE STATE BANK
323 S MAIN ST
NEW TOWN, ND 58763

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

5921 - Liquor Stores

NAICS Code

445310 - Beer, Wine, and Liquor Stores

Loan Approval Date

8/10/2000

Loan Approval Gross Amount

$96,000

Loan Approval from the SBA

Of the total $96,000 loan amount, the SBA guaranteed $76,800.

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 4 employees. The loan application did not indicate that the business promised to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

This SBA loan was for $96,000. How would you spend $96,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Startup Funding Tip

Find an SBA Lender in New Town, North Dakota

North Dakota SBA Banks