Loan Census Banking News and Information
May 18, 2024  
 
 
  Business Loan Information  
 

The Goose River Bank SBA 7A Loans

 

 
Loan Census SBA Loan Info

How to Get a Loan for Powder Metallurgy Part Manufacturing

With these commercial loans for powder metallurgy part manufacturing, the SBA guarantees the lender that the loan will be repaid. This powder metallurgy part manufacturing loan for $226,000 was given to a North Dakota entrepreneur in 2001.

Getting a small business loan in Hillsboro, North Dakota was important for this small business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from The Goose River Bank, operating out of Hillsboro, North Dakota. Here are the details on this North Dakota small business loan.

SBA Loan Borrower

COMPANY TYPE: ARCHITECTURAL AND ORNAMENTAL METAL WORK
HILLSBORO, ND 58045

SBA Loan Lender

THE GOOSE RIVER BANK
515 W CALEDONIA AVE
HILLSBORO, ND 58045

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA bank loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3446 - Architectural and Ornamental Metal Work

NAICS Code

332117 - Powder Metallurgy Part Manufacturing

Loan Approval Date

7/23/2001

Loan Approval Gross Amount

$226,000

Loan Approval from the SBA

Of the total $226,000 loan amount, the SBA guaranteed $169,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 6 employees. This SBA loan request did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Obtaining Funding - How to Decide How Much to Raise

SBA Approved Banks in Hillsboro, North Dakota

North Dakota SBA 7A Lenders