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May 13, 2024 |
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| Home > Small Business Lenders by State > North Dakota Business Loan Sources > Steele, Business Loans > Northland Financial Steele Business Loans > Meat And Fish Market Loan | ||||
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Raising Money in Dawson, North Dakota With SBA Loans
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Raising Money for Meat MarketsWith these bank loans for meat markets, the SBA guarantees the lender that the loan will be repaid. This meat markets loan for $120,850 was given to a North Dakota entrepreneur in 2003. Getting a small business loan in Dawson, North Dakota was important for this company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Northland Financial, operating out of Steele, North Dakota. Here are the details on this North Dakota small business loan. SBA Loan Borrower COMPANY TYPE: MEAT AND FISH MARKET SBA Loan Lender NORTHLAND FINANCIAL The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide 7A business loans 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. SIC Code 5421 - Meat and Fish Market NAICS Code 445210 - Meat Markets Loan Approval Date 9/16/2003 Loan Approval Gross Amount $120,850 Loan Approval from the SBA Of the total $120,850 loan amount, the SBA guaranteed $90,638. 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 3 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. 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: Banking Deregulation's Effects on Entrepreneurship
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