La Moure, North Dakota Bank Gives SBA Loan to Crop Preparation Service For Market Company

Thinking about meeting with a La Moure, North Dakota bank about an SBA loan? Here's one North Dakota business loan, issued by a La Moure bank, that was approved by the SBA.

Applying for an SBA loan with First St. Bank - No. Dakota worked out well for our friends at one local firm in La Moure, North Dakota. They got an SBA loan for $33,300. Great job!

SBA Loan Borrower

COMPANY TYPE: CROP PREPARATION SERVICE FOR MARKET
LA MOURE, ND 58458

SBA Loan Lender

FIRST ST. BANK - NO. DAKOTA
100 1ST AVE SW
LA MOURE, ND 58458

This lender issued this particular SBA loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

0723 - Crop Preparation Service for Market

Loan Approval Date

8/23/2000

Loan Approval Gross Amount

$33,300

Loan Approval from the SBA

Of the total $33,300 loan amount, the SBA guaranteed $26,640.

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 2 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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.

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Getting an SBA Loan in North Dakota