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May 18, 2024 |
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| Home > Small Business Lenders by State > North Dakota Business Loan Sources > West Fargo, Business Loans > Western State Bank West Fargo Business Loans > Manufactured Home Dealers Loan | ||||
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North Dakota Bank SBA Loans
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Business Loan from Western State Bank Given to Manufactured Home Dealers CompanyWestern State Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one North Dakota entrepreneur who tapped into the power of SBA loans. This small firm received financial assistance through the SBA's lending programs back in 2003. They applied for an SBA loan with Western State Bank, out of West Fargo, North Dakota. The loan was granted and they received $63,000 to help grow their West Fargo, North Dakota business. SBA Loan Borrower COMPANY TYPE: MANUFACTURED HOME DEALERS SBA Loan Lender WESTERN 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. NAICS Code 453930 - Manufactured Home Dealers Loan Approval Date 1/3/2003 Loan Approval Gross Amount $63,000 Loan Approval from the SBA Of the total $63,000 loan amount, the SBA guaranteed $53,550. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 6 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide smart, affordable business financing for small businesses looking to expand. We've showcased information on this loan to let you know that businesses like yours 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: Banks in West Fargo, North Dakota
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