Bert's Truck Equipment of Moorhead, Inc.
Bert's Truck Equipment of Moorhead, Inc. is a motor vehicle body manufacturer located in Fargo, North Dakota. The company financed real estate or equipment through an SBA 504 loan of $2,196,000, with the loan approved on July 29, 2025, through First International Bank and Trust and the Lake Agassiz Certified Development Company.
SBA 504 loan, approved Jul 29, 2025
$2,196,000 SBA portionCDC: Lake Agassiz Certified Development Company25 years termApproved, not yet fundedLoan details
- SBA (CDC) portion
- $2,196,000
- Bank portion
- $2,683,339
- Estimated project size
- $5,421,488 (estimated)
- Estimated owner equity
- $542,149 (estimated, about 10% of the project)
- Bank lender
- First International Bank and Trust, Watford City, ND
- Processing method
- Accredited Lenders Program: CDC with an expedited SBA review
- Term
- 25 years (300 months)
- Estimated maturity
- July 29, 2050 (estimated, approval date plus term)
- Loan status
- Approved, not yet funded
- Jobs supported
- 18
- Business type
- Corporation
- NAICS
- 336211, Motor Vehicle Body Manufacturing
- Project location
- Cass County, ND
- SBA district office
- North Dakota District Office
- Congressional district
- ND-0
- Collateral
- Yes
Estimated share of project by source
Bank 49% SBA (CDC) 41% Owner 10%
- Average expansion loan in Motor Vehicle Body Manufacturing: $3,626,600.
- Average expansion loan in North Dakota: $1,912,640.
Loan amounts are the SBA approval, not a purchase price. Figures labeled estimated are derived on this site and are not published by the SBA.
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