How to Get a Loan for Solid Waste Collection

Looking for SBA loans for solid waste collection? The SBA may be the answer. This $305,700 solid waste collection loan was issued by a North Dakota bank.

This small business knew how to go about getting a business bank loan. Based in Dickinson, North Dakota, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was Dakota Commun Bank, based in Dickinson, North Dakota.

SBA Loan Borrower

COMPANY TYPE: LOCAL TRUCKING WITHOUT STORAGE
DICKINSON, ND 58601

SBA Loan Lender

DAKOTA COMMUN BANK
353 19TH ST WEST
DICKINSON, ND 58601

This bank 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

4212 - Local Trucking Without Storage

NAICS Code

562111 - Solid Waste Collection

Loan Approval Date

9/23/2004

Loan Approval Gross Amount

$305,700

Loan Approval from the SBA

Of the total $305,700 loan amount, the SBA guaranteed $229,275.

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 3 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you.

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

Find an SBA Lender in Dickinson, North Dakota

Getting an SBA Loan in North Dakota