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November 15, 2024 |
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| Home > Small Business Lenders by State > South Dakota Business Loan Sources > Chamberlain, Business Loans > Great Western Bank Chamberlain Business Loans > Furniture Loan | ||||
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South Dakota SBA Lenders
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Chamberlain, South Dakota Bank Lends Money to Furniture Company in Chamberlain, South DakotaA Chamberlain, South Dakota small business loan can be yours. Learn how a business got a $89,000 business loan from this South Dakota bank. This loan to a local firm is a good example of an SBA loan. Great Western Bank made the loan and the SBA guaranteed a portion of the loan. Many other South Dakota entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: FURNITURE SBA Loan Lender GREAT WESTERN BANK This business 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 5021 - Furniture NAICS Code 442110 - Furniture Stores Loan Approval Date 10/14/2003 Loan Approval Gross Amount $89,000 Loan Approval from the SBA Of the total $89,000 loan amount, the SBA guaranteed $66,750. 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 3 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA loans provide smart, affordable business financing for small businesses looking to expand. 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 $89,000 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: SBA 7A Lenders in Chamberlain, South Dakota SBA Participating Banks in South Dakota
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