Rapid City, South Dakota Lender Lends Money to Site Preparation Contractors Company

Want to talk with a Rapid City, South Dakota bank about an SBA loan? Here's one South Dakota business loan, issued by a Rapid City bank, that was approved by the SBA.

Applying for an SBA loan with Black Hills Fcu worked out well for our friends at one local company in Spearfish, South Dakota. The business was able to get an SBA loan for $47,700. Nice!

SBA Loan Borrower

COMPANY TYPE: SITE PREPARATION CONTRACTORS
SPEARFISH, SD 57783

SBA Loan Lender

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

This small business 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

238910 - Site Preparation Contractors

Loan Approval Date

1/24/2006

Loan Approval Gross Amount

$47,700

Loan Approval from the SBA

Of the total $47,700 loan amount, the SBA guaranteed $23,850.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower indicated that the loan would help generate 1 new job and retain 3 existing jobs.

Getting an SBA Loan For Your Business

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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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