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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 > Bremer Bank Fargo Business Loans > Motor Vehicle Dealers Loan | ||||
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How Do We Get a Business Loan in Fargo, North Dakota?
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Raising Money for New Car DealersLooking for bank loans for new car dealers? Try the SBA. This $282,700 new car dealers loan was issued by a North Dakota bank. This small firm received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Bremer Bank, out of Fargo, North Dakota. The loan was granted and they received $282,700 to help grow their Fargo, North Dakota business. SBA Loan Borrower COMPANY TYPE: MOTOR VEHICLE DEALERS SBA Loan Lender BREMER BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan for a small business was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5511 - Motor Vehicle Dealers NAICS Code 441110 - New Car Dealers Loan Approval Date 12/8/2004 Loan Approval Gross Amount $282,700 Loan Approval from the SBA Of the total $282,700 loan amount, the SBA guaranteed $212,025. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 4 employees. This SBA loan request did not indicate that the business planned to use the money to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide money to small business owners for working capital for other expenses. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $282,700 loan. Remember, things become real when you believe you can achieve them! 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: Good Banks for Small Business in Fargo, North Dakota
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