Rapid City, SD Entrepreneur Gets SBA Loan to Buy Stroller Strides Franchise

Borrowing money to buy a Stroller Strides franchise? Black Hills Fcu has a history of making these loans and they are guaranteed by the SBA.

Stroller Strides franchise loans are available to Rapid City, South Dakota entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Black Hills Fcu, based in Rapid City, South Dakota, issued an SBA franchise loan for a Stroller Strides franchise in 2006. We've got all the details on this South Dakota small business loan.

SBA Loan Borrower

STROLLER STRIDES
RAPID CITY, SD 57702

SBA Loan Lender

BLACK HILLS FCU
2700 N PLAZA DR
RAPID CITY, SD 57702

This small business loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

624190 - Individual and Family Services

Loan Approval Date

11/29/2006

Loan Approval Gross Amount

$20,000

Loan Approval from the SBA

Of the total $20,000 loan amount, the SBA guaranteed $17,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Stroller Strides 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.

Getting an SBA Loan For Your Business

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

We can help you find the best banks for small businesses in Rapid City or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Stroller Strides

How to Raise Money

SBA 7A Banks in Rapid City, South Dakota

Getting a Business Loan in South Dakota