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May 19, 2024 |
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| Home > Small Business Lenders by State > North Dakota Business Loan Sources > Glen Ullin, Business Loans > Bank Of Glen Ullin Glen Ullin Business Loans > Industrial Supplies Loan | ||||
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Who Can Get a Business Loan in Glen Ullin, North Dakota?
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Financing for Industrial Supplies WholesalersWith these loans for industrial supplies wholesalers, the SBA guarantees the lender that the loan will be repaid. This industrial supplies wholesalers loan for $375,000 was given to a North Dakota entrepreneur in 2004. This company received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Bank Of Glen Ullin, out of Glen Ullin, North Dakota. The loan was granted and they received $375,000 to help grow their Glen Ullin, North Dakota business. SBA Loan Borrower COMPANY TYPE: INDUSTRIAL SUPPLIES SBA Loan Lender BANK OF GLEN ULLIN The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5085 - Industrial Supplies NAICS Code 421840 - Industrial Supplies Wholesalers Loan Approval Date 8/23/2004 Loan Approval Gross Amount $375,000 Loan Approval from the SBA Of the total $375,000 loan amount, the SBA guaranteed $281,250. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 15 employees. This SBA loan request did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan 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. 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: Best Banks in Glen Ullin, North Dakota
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