RV Parks and Campgrounds Loans

With these loans for rv parks and campgrounds, the SBA guarantees the lender that the loan will be repaid. This rv parks and campgrounds loan for $25,000 was given to a South Dakota entrepreneur in 2005.

This company 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 2005. The lending bank was Great Western Bank, based in Spearfish, South Dakota.

SBA Loan Borrower

COMPANY TYPE: RV PARKS AND CAMPGROUNDS
LEAD, SD 57754

SBA Loan Lender

GREAT WESTERN BANK
526 MAIN ST
SPEARFISH, SD 57783

This lender issued this small business loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

721211 - RV Parks and Campgrounds

Loan Approval Date

11/17/2005

Loan Approval Gross Amount

$25,000

Loan Approval from the SBA

Of the total $25,000 loan amount, the SBA guaranteed $21,250.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 2 employees. The loan application did not indicate that the SBA funding recipient planned to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide smart, affordable business financing for small businesses looking to expand.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Great Western Bank and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Startup Funding Tip

SBA 7A Banks for Spearfish, South Dakota Loans

SBA Lenders in South Dakota