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May 17, 2024 |
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| Home > Small Business Lenders by State > North Dakota Business Loan Sources > Fargo, Business Loans > State Bank & Trust Fargo Business Loans > Glass And Glazing Work Loan | ||||
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State Bank & Trust Business Loans Fargo
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Business Loan from State Bank & Trust Given to Glass And Glazing Work CompanyAn 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 SBA Loan Lender STATE BANK & TRUST 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: SBA 7A Lenders in Fargo, North Dakota
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