Get an SBA Loan for Outdoor Power Equipment Stores

Looking for small business loans for outdoor power equipment stores? An SBA loan may be just what you've been looking for. This $50,000 outdoor power equipment stores loan was issued by a South Dakota bank.

This company knew how to go about getting a business bank loan. Based in Rapid City, South Dakota, they applied for and were awarded an SBA-guaranteed loan in 2003. The lending bank was Pioneer Bank & Trust, based in Rapid City, South Dakota.

SBA Loan Borrower

COMPANY TYPE: FARM AND GARDEN MACHINERY AND EQUIPMENT
RAPID CITY, SD 57702

SBA Loan Lender

PIONEER BANK & TRUST
2001 W OMAHA ST
RAPID CITY, SD 57702

This SBA small business loan was sent in by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a complete analysis of the loan application and, in return, SBA promises a rapid loan approval or denial response.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5083 - Farm and Garden Machinery and Equipment

NAICS Code

444210 - Outdoor Power Equipment Stores

Loan Approval Date

3/14/2003

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

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 3 employees. The SBA loan application for the borrower did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees.

Next Steps for Getting an SBA Loan

Many small businesses receive loans backed by the U.S. Small Business Administration.

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 $50,000 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:

Financing Your Business

Who Lends Money to Small Businesses in Rapid City, South Dakota

South Dakota SBA Banks