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November 15, 2024 |
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| Home > Small Business Lenders by State > South Dakota Business Loan Sources > Mitchell, Business Loans > Cortrust Bank Mitchell Business Loans > Book Publishers Loan | ||||
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SBA Lender Mitchell, South Dakota
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Mitchell, South Dakota Lender Lends Money to Book Publishers CompanyWant to talk with a Mitchell, South Dakota bank about a business loan? Here's one South Dakota business loan, issued by a Mitchell bank, that was approved by the SBA. Applying for an SBA loan with Cortrust Bank worked out well for our friends at one local business in Yankton, South Dakota. The business was able to get an SBA loan for $150,000. Awesome! SBA Loan Borrower COMPANY TYPE: BOOK PUBLISHERS SBA Loan Lender CORTRUST BANK This small business 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. NAICS Code 511130 - Book Publishers Loan Approval Date 5/29/2007 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 only one employee. This SBA loan request indicated that the loan would help generate 2 new jobs and retain 3 existing jobs. Start the Process for Getting an SBA Loan Today! Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Cortrust Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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: Obtaining Funding - Getting Venture Capital SBA Approved Banks in Mitchell, South Dakota
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