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May 9, 2024 |
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| Home > Small Business Lenders by State > North Dakota Business Loan Sources > Mandan, Business Loans > Security 1st Bank - No. Dakota Mandan Business Loans > Eating Places Loan | ||||
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Mandan Bank Loan
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Mandan, North Dakota Bank Lends Money to Eating Places Company in Mandan, North DakotaThinking about meeting with a Mandan, North Dakota bank about a business loan? Here's one North Dakota business loan, issued by a Mandan bank, that was approved by the SBA. Applying for an SBA loan with Security 1st Bank - No. Dakota worked out well for our friends at one local firm in Mandan, North Dakota. The business was able to get an SBA loan for $116,800. Nice! SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender SECURITY 1ST BANK - NO. DAKOTA SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722410 - Drinking Places Loan Approval Date 7/29/2005 Loan Approval Gross Amount $116,800 Loan Approval from the SBA Of the total $116,800 loan amount, the SBA guaranteed $87,600. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 10 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. 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: Accountant's Role in Securing Financing Where to Get an SBA Loan in Mandan, North Dakota
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