Getting an SBA Loan for Specialized Local Freight Trucking

Looking for SBA loans for specialized local freight trucking? An SBA loan may be just what you've been looking for. This $500,000 specialized local freight trucking loan was issued by a North Dakota bank.

Getting a small business loan in Carrington, North Dakota was important for this business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Bank Forward, operating out of Carrington, North Dakota. Here are the details on this North Dakota small business loan.

SBA Loan Borrower

COMPANY TYPE: LOCAL TRUCKING WITHOUT STORAGE
CARRINGTON, ND 58421

SBA Loan Lender

BANK FORWARD
484 MAIN ST
CARRINGTON, ND 58421

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide debt financing to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

4212 - Local Trucking Without Storage

NAICS Code

484220 - Specialized Local Freight Trucking

Loan Approval Date

7/7/2004

Loan Approval Gross Amount

$500,000

Loan Approval from the SBA

Of the total $500,000 loan amount, the SBA guaranteed $375,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 7 employees. The loan application did not indicate that the company 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 have been wondering how do i get money to start a business in Carrington ND, you ought to talk with a local Carrington SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Carrington businesses.

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:

The Friends and Family Network

Good Banks for Small Business in Carrington, North Dakota

North Dakota SBA 7A Lenders