First National Bank & Trust - Willis SBA Loan to Drinking Places Company

First National Bank & Trust - Willis 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.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Williston, North Dakota was able to borrow $97,900 from First National Bank & Trust - Willis. The SBA made the loan possible by guaranteeing $48,950 of this North Dakota small business loan.

SBA Loan Borrower

COMPANY TYPE: DRINKING PLACES
WILLISTON, ND 58802

SBA Loan Lender

FIRST NATIONAL BANK & TRUST - WILLIS
22 E 4TH ST
WILLISTON, ND 58801

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

722410 - Drinking Places

Loan Approval Date

10/19/2006

Loan Approval Gross Amount

$97,900

Loan Approval from the SBA

Of the total $97,900 loan amount, the SBA guaranteed $48,950.

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 8 employees. The loan application indicated that the loan would help retain 8 existing jobs.

Getting an SBA Loan For Your Business

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

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Business Line of Credit

SBA 7A Banks in Williston, North Dakota

Getting a Business Loan in North Dakota