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November 23, 2024 |
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| Home > Small Business Lenders by State > South Dakota Business Loan Sources > Sisseton, Business Loans > Dacotah Bank Sisseton Business Loans > Hotels And Motels Loan | ||||
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South Dakota SBA Lenders
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Sisseton, South Dakota Bank Gives SBA Loan to Hotels And Motels CompanyFind Sisseton, South Dakota banks that specialize in business loans and know how to work with entrepreneurs. Dacotah Bank is one such bank, as evidenced by this SBA loan to one business. Finding a small business loan in Sisseton, South Dakota starts with an understanding of who else has gotten loans in the area. In this case, a local firm received funding from Dacotah Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed. SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender DACOTAH BANK The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA small business loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7011 - Hotels and Motels NAICS Code 721110 - Hotels and Motels Loan Approval Date 11/14/2001 Loan Approval Gross Amount $205,000 Loan Approval from the SBA Of the total $205,000 loan amount, the SBA guaranteed $153,750. More Information on This SBA Loan The borrower borrowed this money for an existing 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 planned to use the funding to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Dacotah Bank and they will explain how you can get an SBA loan for your company. 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 Sisseton, South Dakota
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