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May 16, 2024 |
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| Home > Small Business Lenders by State > South Dakota Business Loan Sources > Pierre, Business Loans > First National Bank Pierre Business Loans > Clothing Stores Loan | ||||
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Pierre, South Dakota Bank Loan
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Pierre, South Dakota Entrepreneur Gets a Small Business LoanWant a South Dakota small business loan? This South Dakota entrepreneur got a small business loan, provided by a South Dakota bank that works with the SBA to help small business owners. Getting a small business loan in Pierre, South Dakota was a top priority for this small company back in 2003 and, based on their loan application, they were successful in getting an SBA loan from First National Bank. Here are the details on this South Dakota small business loan. SBA Loan Borrower COMPANY TYPE: CLOTHING STORES SBA Loan Lender FIRST NATIONAL BANK This lender issued this particular loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 448190 - Clothing Stores Loan Approval Date 10/17/2003 Loan Approval Gross Amount $13,000 Loan Approval from the SBA Of the total $13,000 loan amount, the SBA guaranteed $11,050. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the small business planned to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business If you want money for new small business in Pierre SD, you ought to talk with a local Pierre SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Pierre businesses. This SBA loan was for $13,000. How would you spend $13,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Family and Friend Investors - Your First Financiers Best Banks in Pierre, South Dakota
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