Loan to Buy Culligan Soft Water Service Franchise Issued By First National Bank So. Dakota

Need money to purchase a Culligan Soft Water Service franchise? First National Bank So. Dakota has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Culligan Soft Water Service franchise requires some effort but others before you have been successful. In 2001, First National Bank So. Dakota issued an SBA franchise loan to an entrepreneur in Yankton, South Dakota. Because Culligan Soft Water Service was registered with the SBA's registry of franchises, this South Dakota small business loan was issued on an expedited basis.

SBA Loan Borrower

CULLIGAN WATER CONDITIONING
YANKTON, SD 57078

SBA Loan Lender

FIRST NATIONAL BANK SO. DAKOTA
332 BROADWAY
YANKTON, SD 57078

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

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7389 - Business Services

NAICS Code

454390 - Direct Selling Establishments

Loan Approval Date

3/20/2001

Loan Approval Gross Amount

$130,000

Loan Approval from the SBA

Of the total $130,000 loan amount, the SBA guaranteed $110,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Culligan Soft Water Service franchise. At the time of the loan, the company had 4 employees. The loan application did not indicate that the company promised 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?

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First National Bank So. Dakota that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Culligan International

SBIR Funding

Banks in Yankton, South Dakota

Getting an SBA Loan in South Dakota