Where to Get Capital for Farm Supplies Wholesalers

With these SBA loans for farm supplies wholesalers, the SBA guarantees the lender that the loan will be repaid. This farm supplies wholesalers loan for $237,520 was given to a South Dakota entrepreneur in 2005.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Ashton, South Dakota was able to borrow $237,520 from American Bank & Trust. The SBA made the loan possible by guaranteeing $178,140 of this South Dakota small business loan.

SBA Loan Borrower

COMPANY TYPE: FARM SUPPLIES
ASHTON, SD 57424

SBA Loan Lender

AMERICAN BANK & TRUST
1 MAIN ST
MELLETTE, SD 57461

This debt financing 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

5191 - Farm Supplies

NAICS Code

422910 - Farm Supplies Wholesalers

Loan Approval Date

3/9/2005

Loan Approval Gross Amount

$237,520

Loan Approval from the SBA

Of the total $237,520 loan amount, the SBA guaranteed $178,140.

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 2 employees. The SBA loan documents did not indicate that the SBA funding recipient planned to use the funding to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Many small businesses receive loans backed by the U.S. Small Business Administration.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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:

Business Incubators

SBA 7A Lenders in Mellette, South Dakota

SBA Participating Banks in South Dakota