Vivian, South Dakota Entrepreneur Gets a Business Loan

Small business loans in South Dakota are hard to find these days. We take a look at one South Dakota small business loan, provided by a South Dakota bank, that was approved by the SBA.

Getting a small business loan in Vivian, South Dakota was a top priority for this small company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Great Western Bank. Here are the details on this South Dakota small business loan.

SBA Loan Borrower

COMPANY TYPE: SPORTING AND RECREATIONAL CAMPS
VIVIAN, SD 57576

SBA Loan Lender

GREAT WESTERN BANK
101 E KING
CHAMBERLAIN, SD 57325

This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7032 - Sporting and Recreational Camps

NAICS Code

721214 - Recreational and Vacation Camps

Loan Approval Date

5/16/2003

Loan Approval Gross Amount

$160,318

Loan Approval from the SBA

Of the total $160,318 loan amount, the SBA guaranteed $120,239.

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 3 employees. This SBA loan request did not indicate that the company planned to use the money to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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

While you may be able to borrow money from friends and family, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

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SBA Approved Banks in Chamberlain, South Dakota

South Dakota SBA 7A Lenders