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November 15, 2024 |
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| Home > Small Business Lenders by State > South Dakota Business Loan Sources > Oakland, Business Loans > Innovative Bank Oakland Business Loans > Florists Loan | ||||
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How Do We Get a Business Loan in Spearfish, South Dakota?
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Florists Small Business LoansLooking for small business loans for florists? The SBA may be the answer. This $10,000 florists loan was issued by a California bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Spearfish, South Dakota was able to borrow $10,000 from Innovative Bank. The SBA made the loan possible by guaranteeing $8,500 of this South Dakota small business loan. SBA Loan Borrower COMPANY TYPE: FLORISTS SBA Loan Lender INNOVATIVE BANK This lender issued this SBA loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 453110 - Florists Loan Approval Date 10/22/2003 Loan Approval Gross Amount $10,000 Loan Approval from the SBA Of the total $10,000 loan amount, the SBA guaranteed $8,500. 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 4 employees. The loan application indicated that the loan would help retain 4 existing jobs. Start the Process for Getting an SBA Loan Today! Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Determining Proper Capital Structure for a Business Good Banks for Small Business in Oakland, California
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