 |
 |
November 24, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > South Dakota Business Loan Sources > Lead, Business Loans > First National Bank Lead Business Loans > Beer, Wine, And Liquor Stores Loan | ||||
 |
||||
Banks in Lead, South Dakota That Make SBA Loans
|
||||
 |
Lead, South Dakota Bank Gives SBA Loan to Beer, Wine, And Liquor Stores CompanyThinking about meeting with a Lead, South Dakota bank about a business loan? Here's one South Dakota business loan, issued by a Lead bank, that was approved by the SBA. Applying for an SBA loan with First National Bank worked out well for our friends at one local firm in Lead, South Dakota. The business was able to get an SBA loan for $150,000. Sweet! SBA Loan Borrower COMPANY TYPE: BEER, WINE, AND LIQUOR STORES SBA Loan Lender FIRST NATIONAL BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 445310 - Beer, Wine, and Liquor Stores Loan Approval Date 11/24/2003 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 2 employees. The SBA loan documents did not indicate that the small business planned to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. We can help you find the best banks for small businesses in Lead 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: Dealing With Venture Capitalists SBA 7A Banks in Lead, South Dakota
|
|
||
|
||||
|
|
||||