Stickney, South Dakota Bank Lends Money to Poultry Production Company in Stickney, South Dakota

Find Stickney, South Dakota banks that specialize in business loans and know how to work with entrepreneurs. Farmers State Bank is one such bank, as evidenced by this SBA loan to one business.

Finding a small business loan in Stickney, South Dakota starts with an understanding of who else has gotten loans in the area. In this case, a local small business received funding from Farmers State Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: POULTRY PRODUCTION
STICKNEY, SD 57375

SBA Loan Lender

FARMERS STATE BANK
221 MAIN ST
STICKNEY, SD 57375

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide business loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

112390 - Poultry Production

Loan Approval Date

10/11/2007

Loan Approval Gross Amount

$214,834

Loan Approval from the SBA

Of the total $214,834 loan amount, the SBA guaranteed $161,125.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower indicated that the loan would help generate 4 new jobs.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

This SBA loan was for $214,834. How would you spend $214,834 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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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SBA Banks in Stickney, South Dakota

South Dakota SBA Bank Lenders