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May 8, 2024 |
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| Home > Small Business Lenders by State > North Dakota Business Loan Sources > Minot, Business Loans > First Western Bank & Trust Minot Business Loans > Department Stores Loan | ||||
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First Western Bank & Trust
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SBA Loan from First Western Bank & Trust Helps Department Stores CompanyFirst Western Bank & Trust and the SBA work together to get business loans for growing small businesses. Here's an example of how a North Dakota entrepreneur was able to get a loan to take a small business to the next level. Getting a small business loan in Minot, North Dakota was an essential business goal for this firm back in 2006 and, based on their loan application, they were successful in getting an SBA loan from First Western Bank & Trust, operating out of Minot, North Dakota. Here are the details on this North Dakota small business loan. SBA Loan Borrower COMPANY TYPE: DEPARTMENT STORES SBA Loan Lender FIRST WESTERN BANK & TRUST This SBA loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours. 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 452110 - Department Stores Loan Approval Date 9/29/2006 Loan Approval Gross Amount $46,700 Loan Approval from the SBA Of the total $46,700 loan amount, the SBA guaranteed $23,350. 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 2 employees. The SBA loan documents indicated that the loan would help generate 1 new job and retain 2 existing jobs. Getting an SBA Loan For Your Business SBA loans provide money to small business owners for working capital for other expenses. 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 First Western Bank & Trust 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: SBA 7A Banks for Minot, North Dakota Loans
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