North Dakota Business Loan Issued to Beauty Salons Company

Would a North Dakota SBA loan help your business get to the next level? If so, you may want to talk with this North Dakota bank, which offers SBA loans to North Dakota entrepreneurs.

Getting a small business loan in Minot, North Dakota was a top priority for this particular business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Town & Country Cu. Here are the details on this North Dakota small business loan.

SBA Loan Borrower

COMPANY TYPE: BEAUTY SALONS
MINOT, ND 58703

SBA Loan Lender

TOWN & COUNTRY CU
615 S BROADWAY
MINOT, ND 58702

The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

812112 - Beauty Salons

Loan Approval Date

8/18/2005

Loan Approval Gross Amount

$27,700

Loan Approval from the SBA

Of the total $27,700 loan amount, the SBA guaranteed $13,850.

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 indicated that the loan would help generate 6 new jobs and retain 6 existing jobs.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Town & Country Cu and they will explain how you can get an SBA loan for your company.

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 - Getting Venture Capital

SBA 7A Lenders in Minot, North Dakota

Browse All Business Loan Sources for North Dakota