Business Loans for Grain and Field Bean Merchant Wholesalers

Looking for business loans for grain and field bean merchant wholesalers? The SBA may be the answer. This $243,900 grain and field bean merchant wholesalers loan was issued by a North Dakota bank.

This business received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Dakota Western Bank, out of Scranton, North Dakota. The loan was granted and they received $243,900 to help grow their Bowman, North Dakota business.

SBA Loan Borrower

COMPANY TYPE: GRAIN AND FIELD BEANS
BOWMAN, ND 58623

SBA Loan Lender

DAKOTA WESTERN BANK
307 HWY 67 NORTH
SCRANTON, ND 58653

The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5153 - Grain and Field Beans

NAICS Code

424510 - Grain and Field Bean Merchant Wholesalers

Loan Approval Date

9/30/2005

Loan Approval Gross Amount

$243,900

Loan Approval from the SBA

Of the total $243,900 loan amount, the SBA guaranteed $182,925.

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 9 employees. The loan application did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Dakota Western Bank and they will explain how you can get an SBA loan for your company.

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:

Dealing With Venture Capitalists

SBA 7A Banks in Scranton, North Dakota

SBA North Dakota Lenders