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May 14, 2024 |
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| Home > Small Business Lenders by State > North Dakota Business Loan Sources > New Town, Business Loans > Lakeside State Bank New Town Business Loans > Liquor Stores Loan | ||||
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Who Can Get a Business Loan in New Town, North Dakota?
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Beer, Wine, and Liquor Stores Business LoansLooking for business loans for beer, wine, and liquor stores? An SBA loan may be just what you've been looking for. This $96,000 beer, wine, and liquor stores loan was issued by a North Dakota bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in New Town, North Dakota was able to borrow $96,000 from Lakeside State Bank. The SBA made the loan possible by guaranteeing $76,800 of this North Dakota small business loan. SBA Loan Borrower COMPANY TYPE: LIQUOR STORES SBA Loan Lender LAKESIDE STATE BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5921 - Liquor Stores NAICS Code 445310 - Beer, Wine, and Liquor Stores Loan Approval Date 8/10/2000 Loan Approval Gross Amount $96,000 Loan Approval from the SBA Of the total $96,000 loan amount, the SBA guaranteed $76,800. 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 4 employees. The loan application did not indicate that the business promised to use the loan proceeds to hire new employees 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 SBA loan was for $96,000. How would you spend $96,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Find an SBA Lender in New Town, North Dakota
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