 |
 |
December 20, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > South Dakota Business Loan Sources > Pierre, Business Loans > American State Bank Pierre Business Loans > Postal Service Loan | ||||
 |
||||
Pierre Bank Loan
|
||||
 |
Pierre, South Dakota Bank Lends Money to Postal Service Company in Pierre, South DakotaThinking about meeting with a Pierre, South Dakota bank about a small business loan? Here's one South Dakota business loan, issued by a Pierre bank, that was approved by the SBA. Applying for an SBA loan with American State Bank worked out well for our friends at one local firm in Pierre, South Dakota. They got an SBA loan for $70,000. Sweet! SBA Loan Borrower COMPANY TYPE: POSTAL SERVICE SBA Loan Lender AMERICAN STATE BANK This lender processed this loan for a small business under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis. SBA Loan Program Type This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program. NAICS Code 491110 - Postal Service Loan Approval Date 7/5/2007 Loan Approval Gross Amount $70,000 Loan Approval from the SBA Of the total $70,000 loan amount, the SBA guaranteed $35,000. 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 only one employee. This SBA loan request indicated that the loan would help generate 1 new job and retain 1 existing job. Next Steps for Getting an SBA Loan SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Best Banks for Small Business in Pierre, South Dakota
|
|
||
|
||||
|
|
||||