SBA Loan from Black Hills Fcu Helps Florists Company

Black Hills Fcu has a track record as a leading provider of SBA loans. Find out how this South Dakota entrepreneur received an SBA loan from them.

Getting a small business loan in Spearfish, South Dakota was an essential business goal for this small business back in 2007 and, based on their loan application, they were successful in getting an SBA loan from Black Hills Fcu, operating out of Rapid City, South Dakota. Here are the details on this South Dakota small business loan.

SBA Loan Borrower

COMPANY TYPE: FLORISTS
SPEARFISH, SD 57783

SBA Loan Lender

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

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

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

453110 - Florists

Loan Approval Date

6/13/2007

Loan Approval Gross Amount

$80,000

Loan Approval from the SBA

Of the total $80,000 loan amount, the SBA guaranteed $68,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower indicated that the loan would help retain 4 existing jobs.

Getting an SBA Loan For Your Business

If you have been wondering how do i get money to start a business 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:

Microlending as a Small Business Funding Source

Small Business Banks in Rapid City, South Dakota

SBA Lenders in South Dakota