Farm Cr. Services - Mandan. Pc Gives Bank Loan to Grain And Field Beans Company

Want a North Dakota small business loan? This North Dakota entrepreneur got a small business loan, provided by a North Dakota bank that works with the SBA to help small business owners.

Getting a small business loan in Washburn, North Dakota was a top priority for this small company back in 2001 and, based on their loan application, they were successful in getting an SBA loan from Farm Cr. Services - Mandan. Pc. Here are the details on this North Dakota small business loan.

SBA Loan Borrower

COMPANY TYPE: GRAIN AND FIELD BEANS
WASHBURN, ND 58577

SBA Loan Lender

FARM CR. SERVICES - MANDAN. PC
PO BOX 5001
MANDAN, ND 58554

This SBA small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5153 - Grain and Field Beans

NAICS Code

422510 - Grain and Field Bean Wholesalers

Loan Approval Date

8/10/2001

Loan Approval Gross Amount

$480,000

Loan Approval from the SBA

Of the total $480,000 loan amount, the SBA guaranteed $360,000.

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 5 employees. The loan application did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

While you may be able to find other ways to get money to start a business, 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:

Obtaining Funding - Getting Venture Capital

SBA Participating Banks in Mandan, North Dakota

Getting an SBA Loan in North Dakota