Commercial Loans for Flour Milling

Looking for commercial loans for flour milling? The SBA may be the answer. This $600,000 flour milling loan was issued by a North Dakota bank.

This business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with The National Bank Of Harvey, out of Harvey, North Dakota. The loan was granted and they received $600,000 to help grow their Harvey, North Dakota business.

SBA Loan Borrower

COMPANY TYPE: FLOUR AND OTHER GRAIN MILL PRODUCTS
HARVEY, ND 58341

SBA Loan Lender

THE NATIONAL BANK OF HARVEY
920 LINCOLN AVE
HARVEY, ND 58341

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 SBA loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2041 - Flour and Other Grain Mill Products

NAICS Code

311211 - Flour Milling

Loan Approval Date

5/25/2006

Loan Approval Gross Amount

$600,000

Loan Approval from the SBA

Of the total $600,000 loan amount, the SBA guaranteed $450,000.

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 7 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.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $600,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Dealing With Venture Capitalists

Banks in Harvey, North Dakota

North Dakota SBA Bank Lenders