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May 9, 2024 |
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| Home > Small Business Lenders by State > North Dakota Business Loan Sources > Minot, Business Loans > United Commun Bank - No. Dakota Minot Business Loans > Masonry, Stone Setting, And Other Stone Work Loan | ||||
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Who Can Get a Business Loan in Minot, North Dakota?
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Bank Loans for Masonry and Stone ContractorsLooking for bank loans for masonry and stone contractors? The SBA may be the answer. This $175,000 masonry and stone contractors loan was issued by a North Dakota bank. Getting a small business loan in Minot, North Dakota was important for this growing firm back in 2001 and, based on their loan application, they were successful in getting an SBA loan from United Commun Bank - No. Dakota, operating out of Minot, North Dakota. Here are the details on this North Dakota small business loan. SBA Loan Borrower COMPANY TYPE: MASONRY, STONE SETTING, AND OTHER STONE WORK SBA Loan Lender UNITED COMMUN 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 business loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 1741 - Masonry, Stone Setting, and Other Stone Work NAICS Code 235410 - Masonry and Stone Contractors Loan Approval Date 6/12/2001 Loan Approval Gross Amount $175,000 Loan Approval from the SBA Of the total $175,000 loan amount, the SBA guaranteed $131,250. More Information on This SBA Loan The borrower borrowed this money for an existing 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 12 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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 Approved Banks in Minot, North Dakota
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