Financing for Drinking Places

Looking for loans for drinking places? Talk to a banker who works with the SBA. This $188,200 drinking places loan was issued by a North Dakota bank.

Getting a small business loan in Fort Yates, North Dakota was important for this company back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Dakota Commun Bank, operating out of Hebron, North Dakota. Here are the details on this North Dakota small business loan.

SBA Loan Borrower

COMPANY TYPE: DRINKING PLACES
FORT YATES, ND 58538

SBA Loan Lender

DAKOTA COMMUN BANK
609 MAIN ST
HEBRON, ND 58638

This was an SBA Express loan. SBA Express Loans allow small business owners to get up to a 50% SBA guaranty on a loan. The maximum amount for an SBA Express Loan is $350,000.

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

722410 - Drinking Places

Loan Approval Date

12/1/2006

Loan Approval Gross Amount

$188,200

Loan Approval from the SBA

Of the total $188,200 loan amount, the SBA guaranteed $94,100.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had only one employee. The SBA loan application for the borrower indicated that the loan would help create 6 new jobs.

Start the Process for Getting an SBA Loan Today!

If you are wondering how to raise money for a company in Fort Yates ND, you ought to talk with a local Fort Yates SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Fort Yates businesses.

While you may be able to find other ways to get money to start a business, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications 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:

Business Line of Credit

Best Banks in Hebron, North Dakota

SBA North Dakota Banks