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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 > Transportation Equipment Manufacturing Loan | ||||
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First Internatl Bank & Tr
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Business Loan from First Internatl Bank & Tr Given to Transportation Equipment Manufacturing CompanyFirst Internatl Bank & Tr and the SBA work together to get business loans for growing small businesses. Here's an example of how a North Dakota entrepreneur was able to get a loan to take a small business to the next level. This growing company knew how to go about getting a business bank loan. Based in West Fargo, North Dakota, they applied for and received an SBA-guaranteed loan in 2005. The lending bank was First Internatl Bank & Tr, based in Watford City, North Dakota. SBA Loan Borrower COMPANY TYPE: TRANSPORTATION EQUIPMENT MANUFACTURING SBA Loan Lender FIRST INTERNATL BANK & TR The lender provided this loan for a small business through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing. 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 336999 - Transportation Equipment Manufacturing Loan Approval Date 6/29/2005 Loan Approval Gross Amount $200,000 Loan Approval from the SBA Of the total $200,000 loan amount, the SBA guaranteed $100,000. 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 8 employees. The SBA loan application for the borrower indicated that the loan would help retain 8 existing jobs. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $200,000 loan. Remember, where there is a will, there is a way! 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: Best Watford City, North Dakota Banks for Small Business
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