Loans for Finish Carpentry Contractors

Looking for loans for finish carpentry contractors? Try the SBA. This $119,500 finish carpentry contractors loan was issued by a North Dakota bank.

This small firm knew how to go about getting a business bank loan. Based in Center, North Dakota, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Security 1st Bank - No. Dakota, based in New Salem, North Dakota.

SBA Loan Borrower

COMPANY TYPE: FINISH CARPENTRY CONTRACTORS
CENTER, ND 58530

SBA Loan Lender

SECURITY 1ST BANK - NO. DAKOTA
700 ASH AVE
NEW SALEM, ND 58563

This was a Low Documentation SBA loan. The SBA created this program to reduce the paperwork associated with getting a loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

238350 - Finish Carpentry Contractors

Loan Approval Date

5/12/2005

Loan Approval Gross Amount

$119,500

Loan Approval from the SBA

Of the total $119,500 loan amount, the SBA guaranteed $101,575.

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 8 employees. The SBA loan application for the borrower did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

We've showcased information on this loan to let you know that businesses like yours 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:

Accountant's Role in Securing Financing

Small Bank Loans in New Salem, North Dakota

Getting an SBA Loan in North Dakota