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May 17, 2024 |
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| Home > Small Business Lenders by State > North Dakota Business Loan Sources > Hettinger, Business Loans > Dacotah Bank Hettinger Business Loans > Eating Places Loan | ||||
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Hettinger, North Dakota Bank Loan
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Financing for Full-Service RestaurantsLooking for loans for full-service restaurants? An SBA loan may be just what you've been looking for. This $141,100 full-service restaurants loan was issued by a North Dakota bank. This company knew how to go about getting a business bank loan. Based in Hettinger, North Dakota, they applied for and were awarded an SBA-guaranteed loan in 2007. The lending bank was Dacotah Bank, based in Hettinger, North Dakota. SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender DACOTAH BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 2/15/2007 Loan Approval Gross Amount $141,100 Loan Approval from the SBA Of the total $141,100 loan amount, the SBA guaranteed $119,935. 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 14 employees. The SBA loan documents did not indicate that the company planned to use the funding to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Find an SBA Lender in Hettinger, North Dakota
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