Get an SBA Loan for Livestock Wholesalers

Looking for small business loans for livestock wholesalers? Try the SBA. This $663,000 livestock wholesalers loan was issued by a South Dakota bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Huron, South Dakota was able to borrow $663,000 from Bank Of The West. The SBA made the loan possible by guaranteeing $497,250 of this South Dakota small business loan.

SBA Loan Borrower

COMPANY TYPE: LIVESTOCK
HURON, SD 57350

SBA Loan Lender

BANK OF THE WEST
76 3RD ST SW
HURON, SD 57350

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

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5154 - Livestock

NAICS Code

422520 - Livestock Wholesalers

Loan Approval Date

5/21/2003

Loan Approval Gross Amount

$663,000

Loan Approval from the SBA

Of the total $663,000 loan amount, the SBA guaranteed $497,250.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 34 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees.

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

Many small businesses receive loans backed by the U.S. Small Business Administration.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Bank Of The West that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Investor Turnoffs

Banks in Huron, South Dakota

South Dakota SBA Bank Lenders