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May 17, 2024 |
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| Home > Small Business Lenders by State > North Dakota Business Loan Sources > Mcville, Business Loans > Mcville State Bank Mcville Business Loans > Postharvest Crop Activities Loan | ||||
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Getting an SBA 7A Loan in Lakota, North Dakota
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Lakota, North Dakota Entrepreneur Gets a Small Business LoanBusiness loans in North Dakota are tough to come by these days. We take a look at one North Dakota business loan, provided by a North Dakota bank, that was approved by the SBA. You can learn something about getting a small business loan in Lakota, North Dakota by studying this loan to a local business, made back in 2001. Banks like Mcville State Bank may also be willing to lend to you, given that they granted this small business loan. SBA Loan Borrower COMPANY TYPE: POSTHARVEST CROP ACTIVITIES SBA Loan Lender MCVILLE STATE BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 115114 - Postharvest Crop Activities Loan Approval Date 4/6/2001 Loan Approval Gross Amount $350,000 Loan Approval from the SBA Of the total $350,000 loan amount, the SBA guaranteed $262,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower did not indicate that the business planned to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. We can help you find the best banks for small businesses in Lakota or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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 Mcville, North Dakota Banks for Small Business
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