Business Loans for Communications Equipment Manufacturing

Looking for business loans for communications equipment manufacturing? Try the SBA. This $281,330 communications equipment manufacturing loan was issued by a South Dakota bank.

This business received financial assistance through the SBA's lending programs back in 2006. They applied for an SBA loan with First Premier Bank, out of Sioux Falls, South Dakota. The loan was granted and they received $281,330 to help grow their Sturgis, South Dakota business.

SBA Loan Borrower

COMPANY TYPE: COMMUNICATIONS EQUIPMENT MANUFACTURING
STURGIS, SD 57785

SBA Loan Lender

FIRST PREMIER BANK
601 S MINNESOTA AVE
SIOUX FALLS, SD 57104

This SBA loan was issued under the SBA's Certified Lenders Program (CLP), which means that this lending institution has a successful SBA lending background and are well trained in SBA loan requirements.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

334290 - Communications Equipment Manufacturing

Loan Approval Date

2/21/2006

Loan Approval Gross Amount

$281,330

Loan Approval from the SBA

Of the total $281,330 loan amount, the SBA guaranteed $210,998.

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 planned to use the loan proceeds to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

Many small businesses receive loans backed by the U.S. Small Business Administration.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like First Premier Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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:

The Friends and Family Network

SBA 7A Banks for Sioux Falls, South Dakota Loans

SBA Lenders in South Dakota