Flandreau, South Dakota Bank Gives SBA Loan to Commercial And Industrial Electric Lighting Fixture Manufacturing Company

Get to know Flandreau, South Dakota banks that specialize in SBA loans and know how to work with entrepreneurs. 1st National Bank In Sioux Falls is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Flandreau, South Dakota starts with an understanding of who else has gotten loans in the area. In this case, a local small business received funding from 1st National Bank In Sioux Falls. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: COMMERCIAL AND INDUSTRIAL ELECTRIC LIGHTING FIXTURE MANUFACTURING
FLANDREAU, SD 57028

SBA Loan Lender

1ST NATIONAL BANK IN SIOUX FALLS
120 E 2ND AVE
FLANDREAU, SD 57028

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA bank loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

335122 - Commercial and Industrial Electric Lighting Fixture Manufacturing

Loan Approval Date

6/26/2003

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $45,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the small business promised to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA loans typically are available at competitive interest rates and have no balloon payments or annual reviews.

We can help you find the best banks for small businesses in Flandreau or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Obtaining Funding - How to Borrow Money

Find an SBA Lender in Flandreau, South Dakota

South Dakota SBA 7A Banks