Small Business Loans for Commercial and Industrial Machinery and Equipment

Looking for small business loans for commercial and industrial machinery and equipment? An SBA loan may be just what you've been looking for. This $69,000 commercial and industrial machinery and equipment loan was issued by a South Dakota bank.

This small firm received financial assistance through the SBA's lending programs back in 2000. They applied for an SBA loan with Pioneer Bank & Trust, out of Spearfish, South Dakota. The loan was granted and they received $69,000 to help grow their Spearfish, South Dakota business.

SBA Loan Borrower

COMPANY TYPE: WELDING REPAIR
SPEARFISH, SD 57783

SBA Loan Lender

PIONEER BANK & TRUST
140 E JACKSON
SPEARFISH, SD 57783

This SBA loan was provided by a small business banker with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loans to the SBA get more expeditious service from the SBA on their loan applications.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7692 - Welding Repair

NAICS Code

811310 - Commercial and Industrial Machinery and Equipment

Loan Approval Date

10/27/2000

Loan Approval Gross Amount

$69,000

Loan Approval from the SBA

Of the total $69,000 loan amount, the SBA guaranteed $55,200.

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 loan application did not indicate that the company promised to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans provide money to small business owners for working capital for other expenses.

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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