Business Loans for Florists

With these business loans for florists, the SBA guarantees the lender that the loan will be repaid. This florists loan for $140,000 was given to a South Dakota entrepreneur in 2006.

Getting a small business loan in Eagle Butte, South Dakota was important for this small business back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Bankwest, Inc, operating out of Pierre, South Dakota. Here are the details on this South Dakota small business loan.

SBA Loan Borrower

COMPANY TYPE: FLORISTS
EAGLE BUTTE, SD 57625

SBA Loan Lender

BANKWEST, INC
420 S PIERRE ST
PIERRE, SD 57501

At the time this loan was granted, the lender was part of the SBA's Certified Lenders Program (CLP). This program is designed to give quick service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

453110 - Florists

Loan Approval Date

10/4/2006

Loan Approval Gross Amount

$140,000

Loan Approval from the SBA

Of the total $140,000 loan amount, the SBA guaranteed $119,000.

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 2 employees. The SBA loan documents did not indicate that the small business promised to use the loan proceeds to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

If you are wondering how to raise money for a company in Eagle Butte SD, you ought to talk with a local Eagle Butte SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Eagle Butte businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Bankwest, Inc 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:

Business Line of Credit

Best Pierre, South Dakota Banks for Small Business

SBA Lenders in South Dakota