Get an SBA Loan for Perishable Prepared Food Manufacturing

Looking for small business loans for perishable prepared food manufacturing? Try the SBA. This $140,000 perishable prepared food manufacturing loan was issued by a North Dakota bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Medina, North Dakota was able to borrow $140,000 from Northland Financial. The SBA made the loan possible by guaranteeing $119,000 of this North Dakota small business loan.

SBA Loan Borrower

COMPANY TYPE: FOOD PREPARATIONS
MEDINA, ND 58467

SBA Loan Lender

NORTHLAND FINANCIAL
101 2ND AVE NW
MEDINA, ND 58467

This lender issued this loan under the SBA 7A lending program , in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2099 - Food Preparations

NAICS Code

311991 - Perishable Prepared Food Manufacturing

Loan Approval Date

6/27/2002

Loan Approval Gross Amount

$140,000

Loan Approval from the SBA

Of the total $140,000 loan amount, the SBA guaranteed $119,000.

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 17 employees. This SBA loan request did not indicate that the company planned to use the money to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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:

How Equity Dilution Works

Best Banks in Medina, North Dakota

North Dakota SBA Bank Lenders