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May 8, 2024 |
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| Home > Small Business Lenders by State > North Dakota Business Loan Sources > Minot, Business Loans > First Western Bank & Trust Minot Business Loans > Radio Broadcasting Stations Loan | ||||
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Minot SBA Lenders
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Minot, North Dakota Bank Gives SBA Loan to Radio Broadcasting Stations CompanyA Minot, North Dakota small business loan can be yours. Learn how one firm got a $1,290,000 business loan from this North Dakota bank. This loan to a local firm is a good example of an SBA loan. First Western Bank & Trust made the loan and the SBA guaranteed a portion of the loan. Many other North Dakota entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: RADIO BROADCASTING STATIONS SBA Loan Lender FIRST WESTERN BANK & TRUST This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 4832 - Radio Broadcasting Stations NAICS Code 513112 - Radio Stations Loan Approval Date 4/13/2005 Loan Approval Gross Amount $1,290,000 Loan Approval from the SBA Of the total $1,290,000 loan amount, the SBA guaranteed $722,400. 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 17 employees. This SBA loan request did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $1,290,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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: SBA 7A Banks in Minot, North Dakota
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