Black Hills Fcu Gives Business Loan to Database And Directory Publishers Company

South DakotaSBA loans are available to South Dakota entrepreneurs through the SBA. In this case, a South Dakota bank provides the loan.

This company, based in Spearfish, South Dakota, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from Black Hills Fcu. We've got the inside scoop on this South Dakota small business loan.

SBA Loan Borrower

COMPANY TYPE: DATABASE AND DIRECTORY PUBLISHERS
SPEARFISH, SD 57783

SBA Loan Lender

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

This SBA loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

511140 - Database and Directory Publishers

Loan Approval Date

9/1/2006

Loan Approval Gross Amount

$200,000

Loan Approval from the SBA

Of the total $200,000 loan amount, the SBA guaranteed $100,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 6 employees. The SBA loan application for the borrower indicated that the loan would help generate 6 new jobs and retain 6 existing jobs.

Next Steps for Getting an SBA Loan

If you need business start up money in Spearfish SD, you ought to talk with a local Spearfish SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Spearfish businesses.

If you need emergency money for small business, the SBA has special programs for you. We've put a spotlight on this loan from Black Hills Fcu so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA.

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:

Business Line of Credit

Banks in Rapid City, South Dakota

Find an SBA Lender in South Dakota