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December 20, 2024 |
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| Home > Small Business Lenders by State > South Dakota Business Loan Sources > Sioux Falls, Business Loans > 1st National Bank In Sioux Falls Sioux Falls Business Loans > Chiropractors Loan | ||||
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Sioux Falls, South Dakota SBA Banks
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Entrepreneur Works With Sioux Falls, South Dakota Bank to Get an SBA LoanWant to talk with a Sioux Falls, South Dakota bank about an SBA loan? Here's one South Dakota business loan, issued by a Sioux Falls bank, that was approved by the SBA. Applying for an SBA loan with 1st National Bank In Sioux Falls worked out well for our friends at one local business in Sioux Fall, South Dakota. They received an SBA loan for $94,400. Way to go! SBA Loan Borrower COMPANY TYPE: CHIROPRACTORS SBA Loan Lender 1ST NATIONAL BANK IN SIOUX FALLS 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. NAICS Code 621310 - Chiropractors Loan Approval Date 3/24/2004 Loan Approval Gross Amount $94,400 Loan Approval from the SBA Of the total $94,400 loan amount, the SBA guaranteed $80,240. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 2 employees. The loan application did not indicate that the small business promised to use the loan proceeds to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $94,400 loan. Remember, things become real when you believe you can achieve them! 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: SBA 7A Banks in Sioux Falls, South Dakota
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