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November 15, 2024 |
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| Home > Small Business Lenders by State > South Dakota Business Loan Sources > Fort Pierre, Business Loans > First National Bank Fort Pierre Business Loans > Logging Loan | ||||
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Examples of Lead SBA Loans
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How to Get a Loan for LoggingLooking for business loans for logging? An SBA loan may be just what you've been looking for. This $140,100 logging loan was issued by a South Dakota bank. This small business knew how to go about getting a business bank loan. Based in Lead, South Dakota, they applied for and were awarded an SBA-guaranteed loan in 2004. The lending bank was First National Bank, based in Fort Pierre, South Dakota. SBA Loan Borrower COMPANY TYPE: LOGGING SBA Loan Lender FIRST NATIONAL BANK This was a Low Documentation SBA loan. The SBA started this program to reduce the paperwork associated with getting a loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 113310 - Logging Loan Approval Date 12/9/2004 Loan Approval Gross Amount $140,100 Loan Approval from the SBA Of the total $140,100 loan amount, the SBA guaranteed $119,085. 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 4 employees. The SBA loan application for the borrower did not indicate that the small business planned to use the loan proceeds to increase staffing levels or retain any existing employees. Getting an SBA Loan For Your Business If you need money to start a business or need money to grow a business, an SBA loan can be a great way to raise money 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. Related Links: SBA 7A Banks in Fort Pierre, South Dakota Getting an SBA Loan in South Dakota
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