Entrepreneur Works With Sioux Falls, South Dakota Bank to Get an SBA Loan

Thinking about meeting with a Sioux Falls, South Dakota bank about a business loan? Here's one Washington business loan, issued by a Sioux Falls bank, that was approved by the SBA.

Applying for an SBA loan with Wells Fargo Bank worked out well for our friends at one local business in Clarkston, Washington. They received an SBA loan for $260,500. Nice!

SBA Loan Borrower

COMPANY TYPE: SUPERMARKETS AND GROCERY STORES
Clarkston, WA 99403

SBA Loan Lender

WELLS FARGO BANK
101 N PHILIPS AVE
SIOUX FALLS, SD 57104

This lender provides SBA business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

445110 - Supermarkets and Grocery Stores

Loan Approval Date

2/19/2008

Loan Approval Gross Amount

$260,500

Loan Approval from the SBA

Of the total $260,500 loan amount, the SBA guaranteed $195,375.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 20 employees. The loan application indicated that the loan would help retain 20 existing jobs.

Getting an SBA Loan For Your Business

If you are working on finding money to start a business in Clarkston WA, you ought to talk with a local Clarkston SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Clarkston businesses.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Wells Fargo Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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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