Borrow Money to Buy a Fastsigns Franchise

Need money to invest in a Fastsigns franchise? First Premier Bank has a history of making these loans and they are guaranteed by the SBA.

Fastsigns franchise loans are available to Sioux Falls, South Dakota entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First Premier Bank, based in Sioux Falls, South Dakota, issued an SBA franchise loan for a Fastsigns franchise in 2002. We've got all the details on this South Dakota small business loan.

SBA Loan Borrower

FASTSIGNS
SIOUX FALLS, SD 57103

SBA Loan Lender

FIRST PREMIER BANK
601 S MINNESOTA AVE
SIOUX FALLS, SD 57104

This commercial loan was granted by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a thorough analysis of the loan application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

1799 - Special Trade Contractors

NAICS Code

235990 - Special Trade Contractors

Loan Approval Date

9/27/2002

Loan Approval Gross Amount

$235,294

Loan Approval from the SBA

Of the total $235,294 loan amount, the SBA guaranteed $176,471.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Fastsigns franchise. At the time of the loan, the company had 2 employees. The SBA loan documents did not indicate that the company promised to use the funding to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First Premier Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First Premier Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

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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