Ramsey National Bank & Trust - Devi Provides SBA Loan to Buy Great Harvest Bread Co. Franchise

Borrowing money to buy a Great Harvest Bread Co. franchise? Ramsey National Bank & Trust - Devi has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Great Harvest Bread Co. franchise? If so, here's a 2005 SBA franchise loan that you should know about. Ramsey National Bank & Trust - Devi was the lender and the entrepreneur was based in Fargo, North Dakota.

SBA Loan Borrower

S.D.B. BREAD BUSINESS, LLC
FARGO, ND 58104

SBA Loan Lender

RAMSEY NATIONAL BANK & TRUST - DEVI
300 4TH ST NE
DEVILS LAKE, ND 58301

The lender provided this SBA bank loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

311812 - Commercial Bakeries

Loan Approval Date

5/18/2005

Loan Approval Gross Amount

$215,000

Loan Approval from the SBA

Of the total $215,000 loan amount, the SBA guaranteed $107,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Great Harvest Bread Co. franchise. At the time of the loan, the company had 7 employees. The SBA loan documents indicated that the loan would help retain 7 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide money to small business owners for working capital for other expenses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Ramsey National Bank & Trust - Devi and they will explain how you can get an SBA loan for your company.

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:

Great Harvest Bread Company

Obtaining Funding From a Venture Capitalist

Small Bank Loans in Devils Lake, North Dakota

SBA North Dakota Lenders