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May 18, 2024 |
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| Home > Small Business Lenders by State > North Dakota Business Loan Sources > Rugby, Business Loans > Merchants Bank Rugby Business Loans > Sporting And Athletic Goods Loan | ||||
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Banks Doing SBA Loans in North Dakota
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Entrepreneur Works With Rugby, North Dakota Bank to Get an SBA LoanWant to talk with a Rugby, North Dakota bank about a small business loan? Here's one North Dakota business loan, issued by a Rugby bank, that was approved by the SBA. Applying for an SBA loan with Merchants Bank worked out well for our friends at one local business in Rugby, North Dakota. The business was able to get an SBA loan for $150,000. Great job! SBA Loan Borrower COMPANY TYPE: SPORTING AND ATHLETIC GOODS SBA Loan Lender MERCHANTS BANK This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3949 - Sporting and Athletic Goods NAICS Code 339920 - Sporting and Athletic Goods Manufacturing Loan Approval Date 4/9/2003 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $112,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business Every year, the SBA guarantees over $10 billion for loans just like this one. We can help you find the best banks for small businesses in Rugby 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: Good Banks for Small Business in Rugby, North Dakota Find an SBA Lender in North Dakota
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