Business Loan from First Fidelity Bank Given to Postharvest Crop Activities Company

An SBA loan from First Fidelity Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Colome, South Dakota business owner got a $60,000 loan.

Getting a small business loan in Colome, South Dakota was an essential business goal for this small business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from First Fidelity Bank, operating out of Colome, South Dakota. Here are the details on this South Dakota small business loan.

SBA Loan Borrower

COMPANY TYPE: POSTHARVEST CROP ACTIVITIES
COLOME, SD 57528

SBA Loan Lender

FIRST FIDELITY BANK
301 MAIN ST
COLOME, SD 57528

This lender issued this particular business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

115114 - Postharvest Crop Activities

Loan Approval Date

9/17/2001

Loan Approval Gross Amount

$60,000

Loan Approval from the SBA

Of the total $60,000 loan amount, the SBA guaranteed $51,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

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:

The Friends and Family Network

Small Business Banks in Colome, South Dakota

South Dakota SBA 7A Lenders