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April 23, 2024 |
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| Home > Small Business Lenders by State > North Dakota Business Loan Sources > Phoenix, Business Loans > Bnc National Bank Phoenix Business Loans > Support Activities For Air Transportation Loan | ||||
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How to Get SBA Money in Bismarck, North Dakota
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Bnc National Bank Gives Business Loan to Support Activities For Air Transportation CompanyNorth DakotaBank loans are available to North Dakota firms through the SBA. In this case, an Arizona bank provides the loan. Getting a small business loan in Bismarck, North Dakota was a top priority for this loan applicant back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Bnc National Bank. Here are the details on this North Dakota small business loan. SBA Loan Borrower COMPANY TYPE: SUPPORT ACTIVITIES FOR AIR TRANSPORTATION SBA Loan Lender BNC NATIONAL BANK This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 488190 - Support Activities for Air Transportation Loan Approval Date 2/14/2007 Loan Approval Gross Amount $100,000 Loan Approval from the SBA Of the total $100,000 loan amount, the SBA guaranteed $50,000. 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 11 employees. The SBA loan application for the borrower indicated that the loan would help retain 11 existing jobs. 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. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Bnc National Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Bnc National Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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:
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