Company Gets a North Dakota Business Loan

North DakotaSBA loans are available to North Dakota entrepreneurs through the SBA. In this case, a North Dakota bank provides the loan.

Getting a small business loan in Valley City, North Dakota was a top priority for this particular business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Bank Forward. Here are the details on this North Dakota small business loan.

SBA Loan Borrower

COMPANY TYPE: TITLE ABSTRACT AND SETTLEMENT OFFICES
VALLEY CITY, ND 58072

SBA Loan Lender

BANK FORWARD
430 W MAIN ST
VALLEY CITY, ND 58072

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541191 - Title Abstract and Settlement Offices

Loan Approval Date

6/8/2001

Loan Approval Gross Amount

$145,000

Loan Approval from the SBA

Of the total $145,000 loan amount, the SBA guaranteed $123,250.

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 2 employees. The loan application did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

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.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Debt Financing

Small Business Banks in Valley City, North Dakota

Getting an SBA Loan in North Dakota