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May 16, 2024 |
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| Home > Small Business Lenders by State > South Dakota Business Loan Sources > Rapid City, Business Loans > First National Bank Rapid City Business Loans > Prefabricated Wood Buildings And Components Loan | ||||
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Small Business Banks in South Dakota
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Financing for Prefabricated Wood Building ManufacturingLooking for commercial loans for prefabricated wood building manufacturing? The SBA may be the answer. This $256,000 prefabricated wood building manufacturing loan was issued by a South Dakota bank. This business knew how to go about getting a business bank loan. Based in Black Hawk, South Dakota, they applied for and were awarded an SBA-guaranteed loan in 2002. The lending bank was First National Bank, based in Rapid City, South Dakota. SBA Loan Borrower COMPANY TYPE: PREFABRICATED WOOD BUILDINGS AND COMPONENTS SBA Loan Lender FIRST NATIONAL BANK This loan was provided by a small business banker with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan guaranty requests to the SBA get more expeditious service from the SBA on their loan applications. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 2452 - Prefabricated Wood Buildings and Components NAICS Code 321992 - Prefabricated Wood Building Manufacturing Loan Approval Date 10/10/2002 Loan Approval Gross Amount $256,000 Loan Approval from the SBA Of the total $256,000 loan amount, the SBA guaranteed $192,000. More Information on This SBA Loan The borrower borrowed this money for an existing 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. This SBA loan request did not indicate that the business promised to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. If you need emergency business money, the SBA has special programs for you. We've put a spotlight on this loan from First National 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: SBA 7A Banks for Rapid City, South Dakota Loans SBA Participating Banks in South Dakota
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