Loan Census Banking News and Information
May 4, 2024  
 
 
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Dakota Dunes Bank Loan

 

 
Loan Census SBA Loan Info

Dakota Dunes, South Dakota Bank Gives SBA Loan to Carwashes Company

Want to talk with a Dakota Dunes, South Dakota bank about an SBA loan? Here's one Nebraska business loan, issued by a Dakota Dunes bank, that was approved by the SBA.

Applying for an SBA loan with Security National Bank - So. Dakota worked out well for our friends at one local company in Omaha, Nebraska. The business was able to get an SBA loan for $962,000. Awesome!

SBA Loan Borrower

COMPANY TYPE: CARWASHES
OMAHA, NE 68164

SBA Loan Lender

SECURITY NATIONAL BANK - SO. DAKOTA
325 DAKOTA DUNES BLVD
DAKOTA DUNES, SD 57049

This lender issued this small business loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program was started in 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7542 - Carwashes

NAICS Code

811192 - Car Washes

Loan Approval Date

8/21/2003

Loan Approval Gross Amount

$962,000

Loan Approval from the SBA

Of the total $962,000 loan amount, the SBA guaranteed $702,260.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 3 employees. The SBA loan application for the borrower did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

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 Security 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:

How to Raise Money

Where to Get an SBA Loan in Dakota Dunes, South Dakota

SBA South Dakota Lenders