Industrial Truck, Tractor, Trailer, and Stacker Machinery Manufacturing SBA Loans

Looking for SBA loans for industrial truck, tractor, trailer, and stacker machinery manufacturing? An SBA loan may be just what you've been looking for. This $215,000 industrial truck, tractor, trailer, and stacker machinery manufacturing loan was issued by a North Dakota bank.

This small business knew how to go about getting a business bank loan. Based in West Fargo, North Dakota, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Wells Fargo Bank, based in Fargo, North Dakota.

SBA Loan Borrower

COMPANY TYPE: INDUSTRIAL TRUCKS, TRACTORS, TRAILERS, AND STACKER
WEST FARGO, ND 58078

SBA Loan Lender

WELLS FARGO BANK
406 MAIN AVE
FARGO, ND 58103

This lender issued this commercial loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program began in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3537 - Industrial Trucks, Tractors, Trailers, and Stacker

NAICS Code

333924 - Industrial Truck, Tractor, Trailer, and Stacker Machinery Manufacturing

Loan Approval Date

9/8/2004

Loan Approval Gross Amount

$215,000

Loan Approval from the SBA

Of the total $215,000 loan amount, the SBA guaranteed $161,250.

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 4 employees. The loan application did not indicate that the SBA funding recipient planned to use the funding to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Wells Fargo 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.

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