Dacotah Bank SBA Loan to Amusement And Recreation Services Company

Looking to get a South Dakota business loan? Here's one South Dakota business loan that was approved by the SBA.

This up and coming company knew how to go about getting a business bank loan. Based in Sioux Falls, South Dakota, they applied for and were given an SBA-guaranteed loan in 2000. The lending bank was Dacotah Bank, based in Sioux Falls, South Dakota.

SBA Loan Borrower

COMPANY TYPE: AMUSEMENT AND RECREATION SERVICES
SIOUX FALLS, SD 57101

SBA Loan Lender

DACOTAH BANK
1707 S MARION RD
SIOUX FALLS, SD 57106

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This commercial loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7999 - Amusement and Recreation Services

Loan Approval Date

9/19/2000

Loan Approval Gross Amount

$240,000

Loan Approval from the SBA

Of the total $240,000 loan amount, the SBA guaranteed $180,000.

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 only one employee. This SBA loan request did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

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

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Dacotah Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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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