Platte, South Dakota Bank Gives SBA Loan to Landscape Counseling And Planning Company

Get to know Platte, South Dakota banks that specialize in SBA loans and know how to work with entrepreneurs. First Fidelity Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Platte, South Dakota starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from First Fidelity Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: LANDSCAPE COUNSELING AND PLANNING
PLATTE, SD 57369

SBA Loan Lender

FIRST FIDELITY BANK
501 MAIN ST
PLATTE, SD 57369

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

0781 - Landscape Counseling and Planning

Loan Approval Date

2/23/2000

Loan Approval Gross Amount

$47,800

Loan Approval from the SBA

Of the total $47,800 loan amount, the SBA guaranteed $38,240.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The SBA loan documents did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This SBA loan was for $47,800. How would you spend $47,800 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.

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