Financing for Turbine and Turbine Generator Set Units Manufacturing

With these commercial loans for turbine and turbine generator set units manufacturing, the SBA guarantees the lender that the loan will be repaid. This turbine and turbine generator set units manufacturing loan for $150,000 was given to a South Dakota entrepreneur in 2002.

This small business received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with Dnb National Bank, out of Clear Lake, South Dakota. The loan was granted and they received $150,000 to help grow their Gary, South Dakota business.

SBA Loan Borrower

COMPANY TYPE: STEAM, GAS AND HYDRAULIC TURBINES AND GENERATORS
GARY, SD 57237

SBA Loan Lender

DNB NATIONAL BANK
305 4TH ST WEST
CLEAR LAKE, SD 57226

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

3511 - Steam, Gas and Hydraulic Turbines and Generators

NAICS Code

333611 - Turbine and Turbine Generator Set Units Manufacturing

Loan Approval Date

2/27/2002

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

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 4 employees. The SBA loan documents did not indicate that the business promised to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

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

We've showcased information on this loan to let you know that businesses like yours can get an SBA loan.

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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SBA Banks in Clear Lake, South Dakota

South Dakota SBA 7A Lenders