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November 23, 2024 |
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| Home > Small Business Lenders by State > North Dakota Business Loan Sources > Underwood, Business Loans > North Country Bank Underwood Business Loans > Marinas Loan | ||||
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North Country Bank Commercial Loans
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Commercial Loans for MarinasLooking for commercial loans for marinas? Try the SBA. This $166,000 marinas loan was issued by a North Dakota bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Riverdale, North Dakota was able to borrow $166,000 from North Country Bank. The SBA made the loan possible by guaranteeing $124,500 of this North Dakota small business loan. SBA Loan Borrower COMPANY TYPE: MARINAS SBA Loan Lender NORTH COUNTRY BANK This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 4493 - Marinas NAICS Code 713930 - Marinas Loan Approval Date 3/9/2006 Loan Approval Gross Amount $166,000 Loan Approval from the SBA Of the total $166,000 loan amount, the SBA guaranteed $124,500. 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 6 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like North Country Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you. 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: Find an SBA Lender in Underwood, North Dakota
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