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May 17, 2024 |
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| Home > Small Business Lenders by State > North Dakota Business Loan Sources > Fairmount, Business Loans > Peoples State Bank Fairmount Business Loans > Heavy Construction Loan | ||||
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North Dakota Bank SBA Loans
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Peoples State Bank SBA Loan to Heavy Construction CompanyWant a North Dakota business loan? Here's one North Dakota business loan that was approved by the SBA. This growing firm needed an SBA business loan in Wahpeton, North Dakota back in 2000 and, after submitting their loan application, they were successful in getting an SBA loan from Peoples State Bank, operating out of Fairmount, North Dakota. Here are the details on this North Dakota small business loan. SBA Loan Borrower COMPANY TYPE: HEAVY CONSTRUCTION SBA Loan Lender PEOPLES STATE BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA 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 1629 - Heavy Construction Loan Approval Date 7/20/2000 Loan Approval Gross Amount $550,000 Loan Approval from the SBA Of the total $550,000 loan amount, the SBA guaranteed $412,500. 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 30 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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: Best Banks for Small Business in Fairmount, North Dakota
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