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May 17, 2024 |
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| Home > Small Business Lenders by State > North Dakota Business Loan Sources > Mohall, Business Loans > Cit. St. Bank At Mohall Mohall Business Loans > Travel Trailers And Campers Loan | ||||
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Sherwood SBA Loans
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Cit. St. Bank At Mohall Gives SBA Loan to Travel Trailers And Campers CompanyBusiness loans in North Dakota are are few and far betweeen these days. We take a look at one North Dakota business loan, provided by a North Dakota bank, that was approved by the SBA. By giving the right information to Cit. St. Bank At Mohall, this Sherwood, North Dakota business was able to get an SBA loan. To get this loan, the business owner gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: TRAVEL TRAILERS AND CAMPERS SBA Loan Lender CIT. ST. BANK AT MOHALL The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA business loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3792 - Travel Trailers and Campers NAICS Code 336214 - Travel Trailer and Camper Manufacturing Loan Approval Date 8/7/2002 Loan Approval Gross Amount $225,000 Loan Approval from the SBA Of the total $225,000 loan amount, the SBA guaranteed $168,750. 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 4 employees. This SBA loan request did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! If you are interested in getting money to start a business or need money for an existing business, an SBA loan can be a great way to raise money 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 $225,000 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: Small Bank Loans in Mohall, North Dakota Find an SBA Lender in North Dakota
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