Business Loans for New Car Dealers

Looking for business loans for new car dealers? The SBA may be the answer. This $780,000 new car dealers loan was issued by a North Dakota bank.

This small business knew how to go about getting a business bank loan. Based in Williston, North Dakota, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Amer St. Bank & Trust - Willisto, based in Williston, North Dakota.

SBA Loan Borrower

COMPANY TYPE: NEW CAR DEALERS
WILLISTON, ND 58801

SBA Loan Lender

AMER ST. BANK & TRUST - WILLISTO
223 MAIN ST
WILLISTON, ND 58802

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide debt financing to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

441110 - New Car Dealers

Loan Approval Date

8/8/2007

Loan Approval Gross Amount

$780,000

Loan Approval from the SBA

Of the total $780,000 loan amount, the SBA guaranteed $585,000.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 26 employees. The loan application indicated that the loan would help generate 26 new jobs.

Start the Process for Getting an SBA Loan Today!

If you are working on finding money to start a business in Williston ND, you ought to talk with a local Williston SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Williston businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Amer St. Bank & Trust - Willisto that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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