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May 2, 2024 |
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| Home > Small Business Lenders by State > Nevada Business Loan Sources > Bismarck, Business Loans > Kirkwood Bank And Trust Bismarck Business Loans > General Automotive Repair Shops Loan | ||||
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Banks in Bismarck, North Dakota That Make SBA Loans
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Bismarck, North Dakota Bank Gives SBA Loan to General Automotive Repair Shops CompanyA Bismarck, North Dakota small business loan can be yours. Learn how a company got a $85,000 business loan from this North Dakota bank. This loan to a local firm is a good example of an SBA loan. Kirkwood Bank And Trust made the loan and the SBA guaranteed a portion of the loan. Many other Nevada entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: GENERAL AUTOMOTIVE REPAIR SHOPS SBA Loan Lender KIRKWOOD BANK AND TRUST This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7538 - General Automotive Repair Shops NAICS Code 811111 - General Automotive Repair Loan Approval Date 5/4/2001 Loan Approval Gross Amount $85,000 Loan Approval from the SBA Of the total $85,000 loan amount, the SBA guaranteed $72,250. More Information on This SBA Loan The borrower borrowed this money for a new 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. The SBA loan documents did not indicate that the business promised to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans provide smart, affordable business financing for small businesses looking to expand. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Kirkwood Bank And Trust had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Kirkwood Bank And Trust made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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: Advice on Getting a Small Business Loan Small Bank Loans in Bismarck, North Dakota
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