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May 16, 2024 |
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| Home > Small Business Lenders by State > North Dakota Business Loan Sources > Buffalo, Business Loans > First St. Bank - No. Dakota Buffalo Business Loans > Business Consulting Services Loan | ||||
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SBA Lender Buffalo
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Buffalo, North Dakota Bank Gives SBA Loan to Business Consulting Services CompanyA Buffalo, North Dakota SBA loan can be yours. Learn how a company got a $85,800 business loan from this North Dakota bank. This loan to an entrepreneur is a good example of an SBA loan. First St. Bank - No. Dakota made the loan and the SBA guaranteed a portion of the loan. Many other North Dakota entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: BUSINESS CONSULTING SERVICES SBA Loan Lender FIRST ST. BANK - NO. DAKOTA 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. SIC Code 8748 - Business Consulting Services Loan Approval Date 10/2/2000 Loan Approval Gross Amount $85,800 Loan Approval from the SBA Of the total $85,800 loan amount, the SBA guaranteed $68,640. 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 only one employee. The SBA loan application for the borrower did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? If you need money to start business in Buffalo ND, you ought to talk with a local Buffalo SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Buffalo businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First St. Bank - No. Dakota had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First St. Bank - No. Dakota 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: Determining Proper Capital Structure for a Business Small Business Banks in Buffalo, North Dakota
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