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May 18, 2024 |
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| Home > Small Business Lenders by State > North Dakota Business Loan Sources > Hazen, Business Loans > Union State Bank Hazen Business Loans > Construction Machinery And Equipment Loan | ||||
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Business Loan from Union State Bank
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Zap, North Dakota Business Gets SBA-Guaranteed Funding from Union State BankAn SBA loan from Union State Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Zap, North Dakota business owner got a $300,000 loan. This small firm received financial assistance through the SBA's lending programs back in 2001. They applied for an SBA loan with Union State Bank, out of Hazen, North Dakota. The loan was granted and they received $300,000 to help grow their Zap, North Dakota business. SBA Loan Borrower COMPANY TYPE: CONSTRUCTION MACHINERY AND EQUIPMENT SBA Loan Lender UNION 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 3531 - Construction Machinery and Equipment NAICS Code 234990 - Heavy Construction Loan Approval Date 5/30/2001 Loan Approval Gross Amount $300,000 Loan Approval from the SBA Of the total $300,000 loan amount, the SBA guaranteed $225,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 14 employees. The SBA loan documents did not indicate that the small business promised to use the funding to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $300,000 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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 - How to Borrow Money SBA Approved Banks in Hazen, North Dakota
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