First National Bank Gives Business Loan to Lumber And Other Building Materials Dealer Company
Bank loans in South Dakota are tough to come by these days. We take a look at one South Dakota bank loan, provided by a South Dakota bank, that was approved by the SBA.
You can learn something about getting a small business loan in Pierre, South Dakota by studying this loan to a local company, made back in 2000. Banks like First National Bank may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
COMPANY TYPE: LUMBER AND OTHER BUILDING MATERIALS DEALER
PIERRE, SD 57501
SBA Loan Lender
FIRST NATIONAL BANK
125 W SIOUX AVE
PIERRE, SD 57501
This lender issued this particular commercial loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.
SBA Loan Program Type
This loan was issued as a general business loan.
SIC Code
5211 - Lumber and Other Building Materials Dealer
NAICS Code
235990 - Special Trade Contractors
Loan Approval Date
12/20/2000
Loan Approval Gross Amount
$105,000
Loan Approval from the SBA
Of the total $105,000 loan amount, the SBA guaranteed $78,750.
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 4 employees. The loan application did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
Every year, the SBA guarantees over $10 billion for loans just like this one.
Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $105,000 loan. It's not easy, but why not give getting an SBA loan of your own a try?
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:
Business Credit Evaluation
Find an SBA Lender in Pierre, South Dakota
South Dakota SBA 7A Lenders