First Savings Bank Gives SBA Loan to Grocery Stores Company

North DakotaSBA loans are available to North Dakota entrepreneurs through the SBA. In this case, a South Dakota bank provides the loan.

You can learn something about getting a small business loan in Gwinner, North Dakota by studying this loan to a local business, made back in 2000. Banks like First Savings Bank may also be willing to lend to you, given that they granted this small business loan.

SBA Loan Borrower

COMPANY TYPE: GROCERY STORES
GWINNER, ND 58040

SBA Loan Lender

FIRST SAVINGS BANK
600 MAIN ST
BRITTON, SD 57430

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide small business loans to American small businesses.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5411 - Grocery Stores

Loan Approval Date

6/23/2000

Loan Approval Gross Amount

$340,000

Loan Approval from the SBA

Of the total $340,000 loan amount, the SBA guaranteed $255,000.

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 34 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you have been wondering how do i get money to start a business in Gwinner ND, you ought to talk with a local Gwinner SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Gwinner businesses.

If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from First Savings Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Borrowing Money from Friends and Family

SBA Participating Banks in Britton, South Dakota

SBA South Dakota Lenders