Entrepreneur Works With Sioux Falls, South Dakota Bank to Get an SBA Loan

Want to talk with a Sioux Falls, South Dakota bank about a small business loan? Here's one California business loan, issued by a Sioux Falls bank, that was approved by the SBA.

Applying for an SBA loan with Wells Fargo Bank worked out well for our friends at one local business in Santee, California. The business was able to get an SBA loan for $382,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: SPECIALIZED DESIGN SERVICES
Santee, CA 92071

SBA Loan Lender

WELLS FARGO BANK
101 N PHILIPS AVE
SIOUX FALLS, SD 57104

This lender provides SBA small business loans as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

541490 - Specialized Design Services

Loan Approval Date

5/1/2007

Loan Approval Gross Amount

$382,000

Loan Approval from the SBA

Of the total $382,000 loan amount, the SBA guaranteed $286,500.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 6 employees. The loan application indicated that the loan would help retain 6 existing jobs.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

This SBA loan was for $382,000. How would you spend $382,000 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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Entrepreneur Works With Sioux Falls, South Dakota Bank to Get an SBA Loan