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May 15, 2024 |
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| Home > Small Business Lenders by State > South Dakota Business Loan Sources > Pierre, Business Loans > American State Bank Pierre Business Loans > Hotels And Motels Loan | ||||
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SBA Lender Pierre
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Pierre, South Dakota Lender Lends Money to Hotels And Motels CompanyThinking about meeting with a Pierre, South Dakota bank about a small business loan? Here's one South Dakota business loan, issued by a Pierre bank, that was approved by the SBA. Applying for an SBA loan with American State Bank worked out well for our friends at one local company in Pierre, South Dakota. They received an SBA loan for $135,000. Sweet! SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender AMERICAN STATE BANK This SBA bank loan was financed by an SBA Certified Lenders Program (CLP) lender. CLP lenders perform a complete analysis of the loan application and, in return, SBA delivers a rapid loan approval or denial response. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 8/16/2006 Loan Approval Gross Amount $135,000 Loan Approval from the SBA Of the total $135,000 loan amount, the SBA guaranteed $114,750. 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 indicated that the funding would help create 3 new jobs. Great, But How Can I Get an SBA Loan for My Business? If you need money to start a business or need money for an existing business, an SBA loan can be a great source of funding. This SBA loan was for $135,000. How would you spend $135,000 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:
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