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December 22, 2024 |
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| Home > Small Business Lenders by State > North Dakota Business Loan Sources > West Fargo, Business Loans > Western State Bank West Fargo Business Loans > Automotive Glass Replacement Shops Loan | ||||
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Small Business Banks in North Dakota
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Automotive Glass Replacement Shops Small Business LoansLooking for small business loans for automotive glass replacement shops? The SBA may be the answer. This $150,000 automotive glass replacement shops loan was issued by a North Dakota bank. This company received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Western State Bank, out of West Fargo, North Dakota. The loan was granted and they received $150,000 to help grow their West Fargo, North Dakota business. SBA Loan Borrower COMPANY TYPE: AUTOMOTIVE GLASS REPLACEMENT SHOPS SBA Loan Lender WESTERN STATE BANK 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 811122 - Automotive Glass Replacement Shops Loan Approval Date 10/17/2002 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 12 employees. The loan application did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. This company got an SBA loan. You can too! Maybe you need seed money for business? 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: Determining Proper Capital Structure for a Business SBA Approved Banks in West Fargo, North Dakota
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