Amer St. Bank & Trust - Willisto SBA Loan to Women's And Girls' Suit, Coat, Tailored Jacket, And Skirt Manufacturing Company

An SBA loan from Amer St. Bank & Trust - Willisto typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Williston, North Dakota business owner got a $150,000 loan.

This small firm knew how to go about getting a business bank loan. Based in Williston, North Dakota, they applied for and received an SBA-guaranteed loan in 2004. The lending bank was Amer St. Bank & Trust - Willisto, based in Williston, North Dakota.

SBA Loan Borrower

COMPANY TYPE: WOMEN'S AND GIRLS' SUIT, COAT, TAILORED JACKET, AND SKIRT MANUFACTURING
WILLISTON, ND 58801

SBA Loan Lender

AMER ST. BANK & TRUST - WILLISTO
223 MAIN ST
WILLISTON, ND 58802

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

315234 - Women's and Girls' Suit, Coat, Tailored Jacket, and Skirt Manufacturing

Loan Approval Date

8/25/2004

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 3 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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.

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SBA Lenders in North Dakota