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May 19, 2024 |
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| Home > Small Business Lenders by State > North Dakota Business Loan Sources > Devils Lake, Business Loans > Ramsey National Bank & Trust - Devi Devils Lake Business Loans > Family Clothing Stores Loan | ||||
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Ramsey National Bank & Trust - Devi
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Ramsey National Bank & Trust - Devi SBA Loan to Family Clothing Stores CompanyAn SBA loan from Ramsey National Bank & Trust - Devi typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Fargo, North Dakota business owner got a $60,598 loan. This small firm knew how to go about getting a business bank loan. Based in Fargo, North Dakota, they applied for and received an SBA-guaranteed loan in 2003. The lending bank was Ramsey National Bank & Trust - Devi, based in Devils Lake, North Dakota. SBA Loan Borrower COMPANY TYPE: FAMILY CLOTHING STORES SBA Loan Lender RAMSEY NATIONAL BANK & TRUST - DEVI This lender issued this particular small business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 448140 - Family Clothing Stores Loan Approval Date 3/4/2003 Loan Approval Gross Amount $60,598 Loan Approval from the SBA Of the total $60,598 loan amount, the SBA guaranteed $51,508. 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 2 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Many small businesses receive loans backed by the U.S. Small Business Administration. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Banks in Devils Lake, North Dakota
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