Getting an SBA Loan for Support Activities for Oil and Gas Operations

Looking for commercial loans for support activities for oil and gas operations? Talk to a banker who works with the SBA. This $204,600 support activities for oil and gas operations loan was issued by a North Dakota bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Williston, North Dakota was able to borrow $204,600 from First National Bank & Trust - Willis. The SBA made the loan possible by guaranteeing $153,450 of this North Dakota small business loan.

SBA Loan Borrower

COMPANY TYPE: OIL AND GAS FIELD EXPLORATION SERVICES
WILLISTON, ND 58801

SBA Loan Lender

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

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA bank loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1382 - Oil and Gas Field Exploration Services

NAICS Code

213112 - Support Activities for Oil and Gas Operations

Loan Approval Date

10/17/2006

Loan Approval Gross Amount

$204,600

Loan Approval from the SBA

Of the total $204,600 loan amount, the SBA guaranteed $153,450.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the money to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

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:

Determining Proper Capital Structure for a Business

Best Williston, North Dakota Banks for Small Business

North Dakota SBA 7A Lenders