Loan Census Banking News and Information
November 15, 2024  
 
 
  Business Loan Information  
 

North Dakota Small Business Funding

 

 
Loan Census SBA Loan Info

Get an SBA Loan for Poured Concrete Foundation and Structure Contractors

Looking for loans for poured concrete foundation and structure contractors? Talk to a banker who works with the SBA. This $48,700 poured concrete foundation and structure contractors loan was issued by a North Dakota bank.

This small firm received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Alerus Financial, out of Grand Forks, North Dakota. The loan was granted and they received $48,700 to help grow their West Fargo, North Dakota business.

SBA Loan Borrower

COMPANY TYPE: POURED CONCRETE FOUNDATION AND STRUCTURE CONTRACTORS
WEST FARGO, ND 58078

SBA Loan Lender

ALERUS FINANCIAL
401 DEMERS AVE
GRAND FORKS, ND 58201

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

238110 - Poured Concrete Foundation and Structure Contractors

Loan Approval Date

4/17/2007

Loan Approval Gross Amount

$48,700

Loan Approval from the SBA

Of the total $48,700 loan amount, the SBA guaranteed $24,350.

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 8 employees. This SBA loan request indicated that the loan would help generate 5 new jobs and retain 13 existing jobs.

Getting an SBA Loan For Your Business

Many small businesses receive loans backed by the U.S. Small Business Administration.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

How Equity Dilution Works

SBA Approved Banks in Grand Forks, North Dakota

Where to Get an SBA Loan North Dakota