Great Western Bank Provides SBA Loan to Buy Dollar Discount Stores Franchise

Need a loan to purchase a Dollar Discount Stores franchise? Great Western Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Dollar Discount Stores franchise may simply require a phone call to a local SBA banker. In 2006, Great Western Bank issued an SBA franchise loan to an entrepreneur in Watertown, South Dakota. Because Dollar Discount Stores was registered with the SBA's registry of franchises, this South Dakota small business loan was issued on an expedited basis.

SBA Loan Borrower

DOLLAR DISCOUNT
WATERTOWN, SD 57201

SBA Loan Lender

GREAT WESTERN BANK
35 1ST AVE NE
WATERTOWN, SD 57201

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

452990 - General Merchandise Stores

Loan Approval Date

4/5/2006

Loan Approval Gross Amount

$216,750

Loan Approval from the SBA

Of the total $216,750 loan amount, the SBA guaranteed $162,563.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Dollar Discount Stores franchise. At the time of the loan, the company had 10 employees. The loan application did not indicate that the company promised to use the funding to add employees or retain any existing employees.

Getting an SBA Loan For Your Business

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

We can help you find the best banks for small businesses in Watertown or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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:

Dollar Discount

Borrowing Money from Friends and Family

SBA 7A Lenders in Watertown, South Dakota

South Dakota SBA 7A Banks