North Dakota Entrepreneur Secures Financing to Buy Certirestore Franchise

Borrowing money to invest in a Certirestore franchise? Ramsey National Bank & Trust - Devi has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Grand Forks, North Dakota needed money to invest in a Certirestore franchise back in 2005. Ramsey National Bank & Trust - Devi issued an SBA franchise loan. Here are the details on this North Dakota small business loan.

SBA Loan Borrower

CERTIRESTORE IN GRAND FORKS
GRAND FORKS, ND 58201

SBA Loan Lender

RAMSEY NATIONAL BANK & TRUST - DEVI
300 4TH ST NE
DEVILS LAKE, ND 58301

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

811420 - Reupholstery and Furniture Repair

Loan Approval Date

6/23/2005

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $12,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Certirestore franchise. At the time of the loan, the company had only one employee. The loan application indicated that the loan would help retain 1 existing job.

Getting an SBA Loan For Your Business

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Ramsey National Bank & Trust - Devi and they will explain how you can get an SBA loan for your company.

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:

CertiRestore

Direct Public Offerings

Small Business Banks in Devils Lake, North Dakota

SBA Participating Banks in North Dakota