Postharvest Crop Activities Loans

With these loans for postharvest crop activities, the SBA guarantees the lender that the loan will be repaid. This postharvest crop activities loan for $130,600 was given to a North Dakota entrepreneur in 2003.

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

SBA Loan Borrower

COMPANY TYPE: CROP PREPARATION SERVICE FOR MARKET
TAPPEN, ND 58487

SBA Loan Lender

BREMER BANK
807 MAIN ST
CARRINGTON, ND 58421

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide commercial loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

0723 - Crop Preparation Service for Market

NAICS Code

115114 - Postharvest Crop Activities

Loan Approval Date

8/5/2003

Loan Approval Gross Amount

$130,600

Loan Approval from the SBA

Of the total $130,600 loan amount, the SBA guaranteed $97,950.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 18 employees. The loan application did not indicate that the business planned to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you have a business and need capital to get to the next level? Regardless of why you need money, guaranteed SBA loans may be the right answer 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:

Role of Business Plan When Raising Money

Best Carrington, North Dakota Banks for Small Business

SBA Participating Banks in North Dakota