Raising Money for Travel Trailer and Camper Manufacturing

Looking for bank loans for travel trailer and camper manufacturing? The SBA may be the answer. This $65,000 travel trailer and camper manufacturing loan was issued by a North Dakota bank.

This company knew how to go about getting a business bank loan. Based in Leeds, North Dakota, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was The First State Bank Of Munich, based in Devils Lake, North Dakota.

SBA Loan Borrower

COMPANY TYPE: TRAVEL TRAILER AND CAMPER MANUFACTURING
LEEDS, ND 58346

SBA Loan Lender

THE FIRST STATE BANK OF MUNICH
205 HWY 2 WEST
DEVILS LAKE, ND 58301

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

336214 - Travel Trailer and Camper Manufacturing

Loan Approval Date

10/7/2003

Loan Approval Gross Amount

$65,000

Loan Approval from the SBA

Of the total $65,000 loan amount, the SBA guaranteed $55,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $65,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?

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:

Getting a Small Business Loan

Best Devils Lake, North Dakota Banks for Small Business

Find an SBA Lender in North Dakota