This article is written specifically for small business owners in Hot Springs, South Dakota who are interested in getting a bank loan.
Local Hot Springs Lending Resources
To help you learn more about local small business lenders, here's our list of small business banks in Hot Springs.
Small Business Bank |
Recent SBA Loans |
Bank of the West |
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Black Hills Federal Credit Union - Hot Springs |
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First Western Bank |
2 |
Wells Fargo Bank NA - Wells Fargo Bank Na- Black Hills Stores- Wells Fargo Phone Bank- Hot Spr |
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SBA Lenders for Hot Springs Businesses
Banks outside of Hot Springs will often lend to entrepreneurs in Hot Springs, SD. Here's a list of out-of-area banks that have recently made loans to Hot Springs entrepreneurs. Some of these banks may have local branches but underwrite the loans from an out-of-area banking location, either from another city in South Dakota or from out of state.
Tips for Getting a Business Loan in Hot Springs
It's only a matter of time.
"Where can I borrow some money for my business?" you'll say.
Maybe you need a $20,000 small business loan to launch a big advertising campaign. Perhaps you need a $200,000 business loan to acquire a competitor.
It's time to sit down with a small business banker in Hot Springs.
Sure, there are other sources of small business funding: people to people loans, angel investors,
and merchant cash advances, to name a few.
But, at the end of the day, finding a bank loan from a small-business friendly bank is often the the smartest approach for a small business to raise money quickly to fund growth plans.
Gaebler.com Advice on Raising Money
Our Gaebler.com site is passionate about aiding entrepreneurs, and we have a
lot of resources related to to Raising
Money. For example, we recommend you read Find Start-Up Capital.
Business Loan Sources for Other Cities in South Dakota
Get a Business Loan in Brookings
Get a Business Loan in Huron
Browse All Business Loan Sources for South Dakota