Loan Census Banking News and Information
May 15, 2024  
 
 
  Business Loan Information  
 

State Bank & Trust Business Loans Fargo

 

 
Loan Census SBA Loan Info

Business Loan from State Bank & Trust Given to Glass And Glazing Work Company

An SBA loan from State Bank & Trust typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Fargo, North Dakota business owner got a $140,000 loan.

This growing company knew how to go about getting a business bank loan. Based in Fargo, North Dakota, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was State Bank & Trust, based in Fargo, North Dakota.

SBA Loan Borrower

COMPANY TYPE: GLASS AND GLAZING WORK
FARGO, ND 58104

SBA Loan Lender

STATE BANK & TRUST
3100 13TH AVE SW
FARGO, ND 58103

This commercial loan was issued by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a comprehensive analysis of the loan application and, in return, SBA promises a quick answer on whether the loan qualifies.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1793 - Glass and Glazing Work

NAICS Code

238150 - Glass and Glazing Contractors

Loan Approval Date

4/15/2004

Loan Approval Gross Amount

$140,000

Loan Approval from the SBA

Of the total $140,000 loan amount, the SBA guaranteed $105,000.

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 8 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. State Bank & Trust had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, State Bank & Trust 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:

Alternative Financing

SBA 7A Lenders in Fargo, North Dakota

SBA Lenders in North Dakota