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May 16, 2024 |
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| Home > Small Business Lenders by State > North Dakota Business Loan Sources > Tolna, Business Loans > Farmers & Merchants State Bank Tolna Business Loans > Florists Loan | ||||
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SBA Lenders for Pekin Businesses
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How to Get a Loan for FloristsLooking for SBA loans for florists? Try the SBA. This $182,400 florists loan was issued by a North Dakota bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Pekin, North Dakota was able to borrow $182,400 from Farmers & Merchants State Bank. The SBA made the loan possible by guaranteeing $136,800 of this North Dakota small business loan. SBA Loan Borrower COMPANY TYPE: FLORISTS SBA Loan Lender FARMERS & MERCHANTS STATE BANK The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA bank loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5992 - Florists NAICS Code 453110 - Florists Loan Approval Date 12/15/2004 Loan Approval Gross Amount $182,400 Loan Approval from the SBA Of the total $182,400 loan amount, the SBA guaranteed $136,800. 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 12 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to add employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses. This SBA loan was for $182,400. How would you spend $182,400 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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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