Financing for Food Product Machinery Manufacturing

Looking for commercial loans for food product machinery manufacturing? The SBA may be the answer. This $60,700 food product machinery manufacturing loan was issued by a North Dakota bank.

This business knew how to go about getting a business bank loan. Based in Richardton, North Dakota, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Dakota Commun Bank, based in Hebron, North Dakota.

SBA Loan Borrower

COMPANY TYPE: CONSTRUCTION MACHINERY AND EQUIPMENT
RICHARDTON, ND 58652

SBA Loan Lender

DAKOTA COMMUN BANK
609 MAIN ST
HEBRON, ND 58638

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3531 - Construction Machinery and Equipment

NAICS Code

333294 - Food Product Machinery Manufacturing

Loan Approval Date

4/3/2003

Loan Approval Gross Amount

$60,700

Loan Approval from the SBA

Of the total $60,700 loan amount, the SBA guaranteed $45,525.

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 8 employees. This SBA loan request did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

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 Dakota Commun Bank 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:

Raising Venture Capital

Banks in Hebron, North Dakota

SBA Lenders in North Dakota