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November 14, 2024 |
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| Home > Small Business Lenders by State > North Dakota Business Loan Sources > Watford City, Business Loans > First Internatl Bank & Tr Watford City Business Loans > Farm Machinery And Equipment Manufacturing Loan | ||||
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Banks for West Fargo, North Dakota Small Business Owners
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Firm Gets a North Dakota SBA LoanNorth DakotaSmall business loans are available to North Dakota small business owners through the SBA. In this case, a North Dakota bank provides the loan. This company, based in West Fargo, North Dakota, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from First Internatl Bank & Tr. We've got the inside scoop on this North Dakota small business loan. SBA Loan Borrower COMPANY TYPE: FARM MACHINERY AND EQUIPMENT MANUFACTURING SBA Loan Lender FIRST INTERNATL BANK & TR This loan for a small business was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 333111 - Farm Machinery and Equipment Manufacturing Loan Approval Date 2/7/2007 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $75,000. 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 14 employees. The loan application indicated that the loan would help generate 10 new jobs and retain 24 existing jobs. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: SBA Approved Banks in Watford City, North Dakota
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