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May 17, 2024 |
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| Home > Small Business Lenders by State > North Dakota Business Loan Sources > Oakes, Business Loans > First St. Bank - No. Dakota Oakes Business Loans > Retail Stores Loan | ||||
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Oakes, North Dakota SBA Lenders
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Oakes, North Dakota Lender Lends Money to Retail Stores CompanyGet small business loans from an Oakes, North Dakota bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too. First St. Bank - No. Dakota is a Oakes, North Dakota small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a North Dakota company. SBA Loan Borrower COMPANY TYPE: RETAIL STORES SBA Loan Lender FIRST ST. BANK - NO. DAKOTA 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. SIC Code 5999 - Retail Stores Loan Approval Date 1/4/2000 Loan Approval Gross Amount $50,000 Loan Approval from the SBA Of the total $50,000 loan amount, the SBA guaranteed $40,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. We can help you find the best banks for small businesses in Oakes or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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:
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