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May 15, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Fargo, Business Loans > State Bank & Trust Fargo Business Loans > Water, Sewer, And Pipeline Construction Loan | ||||
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Business Loans for Moorhead Small Business Owners
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Commercial Loans for Water, Sewer, and Pipeline ConstructionLooking for commercial loans for water, sewer, and pipeline construction? An SBA loan may be just what you've been looking for. This $350,000 water, sewer, and pipeline construction loan was issued by a North Dakota bank. Getting a small business loan in Moorhead, Minnesota was important for this small business back in 2005 and, based on their loan application, they were successful in getting an SBA loan from State Bank & Trust, operating out of Fargo, North Dakota. Here are the details on this Minnesota small business loan. SBA Loan Borrower COMPANY TYPE: WATER, SEWER, AND PIPELINE CONSTRUCTION SBA Loan Lender STATE BANK & TRUST 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 234910 - Water, Sewer, and Pipeline Construction Loan Approval Date 6/7/2005 Loan Approval Gross Amount $350,000 Loan Approval from the SBA Of the total $350,000 loan amount, the SBA guaranteed $175,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 20 employees. The loan application indicated that the loan would help generate 3 new jobs and retain 20 existing jobs. Getting an SBA Loan For Your Business If you have been wondering how do i get money to start a business in Moorhead MN, you ought to talk with a local Moorhead SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Moorhead businesses. 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: Obtaining Funding - How to Borrow Money
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