Entrepreneur Works With Sioux Falls, South Dakota Bank to Get an SBA Loan
Thinking about meeting with a Sioux Falls, South Dakota bank about a business loan? Here's one Nebraska business loan, issued by a Sioux Falls bank, that was approved by the SBA.
Applying for an SBA loan with Wells Fargo Bank worked out well for our friends at one local firm in Lincoln, Nebraska. They got an SBA loan for $480,000. Nice!
SBA Loan Borrower
COMPANY TYPE: APPLIANCE REPAIR AND MAINTENANCE
Lincoln, NE 68516
SBA Loan Lender
WELLS FARGO BANK
101 N PHILIPS AVE
SIOUX FALLS, SD 57104
This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
811412 - Appliance Repair and Maintenance
Loan Approval Date
4/13/2007
Loan Approval Gross Amount
$480,000
Loan Approval from the SBA
Of the total $480,000 loan amount, the SBA guaranteed $360,000.
More Information on This SBA Loan
The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company
had 12 employees. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 10 existing jobs.
Next Steps for Getting an SBA Loan
SBA loans provide money to small business owners for working capital for other expenses.
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.
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Getting a Business Loan in South Dakota