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December 22, 2024 |
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| Home > Small Business Lenders by State > South Dakota Business Loan Sources > South Sioux City, Business Loans > Dakota County State Bank South Sioux City Business Loans > Carwashes Loan | ||||
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We Needed an SBA 7A Loan in North Sioux City, South Dakota and We Got One!
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Business Loans for Car WashesLooking for business loans for car washes? The SBA may be the answer. This $467,000 car washes loan was issued by a Nebraska bank. This small business knew how to go about getting a business bank loan. Based in North Sioux City, South Dakota, they applied for and were awarded an SBA-guaranteed loan in 2000. The lending bank was Dakota County State Bank, based in South Sioux City, Nebraska. SBA Loan Borrower COMPANY TYPE: CARWASHES SBA Loan Lender DAKOTA COUNTY STATE BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7542 - Carwashes NAICS Code 811192 - Car Washes Loan Approval Date 4/25/2000 Loan Approval Gross Amount $467,000 Loan Approval from the SBA Of the total $467,000 loan amount, the SBA guaranteed $350,250. 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 25 employees. The SBA loan documents did not indicate that the business promised to use the funding 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. This SBA loan was for $467,000. How would you spend $467,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Borrowing Money from Friends and Family Banks in South Sioux City, Nebraska
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