South Dakota Entrepreneur Secures Financing to Buy Hardware Hank Franchise

Need money to invest in a Hardware Hank franchise? First Western Bank has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Hardware Hank franchise? If so, here's a 2007 SBA franchise loan that you should know about. First Western Bank was the lender and the entrepreneur was based in Hill City, South Dakota.

SBA Loan Borrower

SOLID ROCK HARDWARE, LLC
HILL CITY, SD 57745

SBA Loan Lender

FIRST WESTERN BANK
418 MAIN ST
WALL, SD 57790

This 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.

NAICS Code

444130 - Hardware Stores

Loan Approval Date

3/15/2007

Loan Approval Gross Amount

$509,500

Loan Approval from the SBA

Of the total $509,500 loan amount, the SBA guaranteed $382,125.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Hardware Hank franchise. At the time of the loan, the company had 16 employees. The SBA loan documents indicated that the loan would help generate 4 new jobs and retain 12 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $509,500 loan. Remember, anyone can do it... so why not you?

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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