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May 9, 2024 |
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| Home > Small Business Lenders by State > South Dakota Business Loan Sources > Big Lake, Business Loans > Kleinbank Big Lake Business Loans > Hotels And Motels Loan | ||||
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How to Get SBA Loans in Pierre, South Dakota
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Where to Get Capital for Hotels and MotelsLooking for SBA loans for hotels and motels? Talk to a banker who works with the SBA. This $700,000 hotels and motels loan was issued by a Minnesota bank. This business knew how to go about getting a business bank loan. Based in Pierre, South Dakota, they applied for and were awarded an SBA-guaranteed loan in 2006. The lending bank was Kleinbank, based in Big Lake, Minnesota. SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender KLEINBANK As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 11/14/2006 Loan Approval Gross Amount $700,000 Loan Approval from the SBA Of the total $700,000 loan amount, the SBA guaranteed $525,000. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 8 employees. The loan application indicated that the loan would help retain 8 existing jobs. Next Steps for Getting an SBA Loan Every year, the SBA guarantees over $10 billion for loans just like this one. We can help you find the best banks for small businesses in Pierre or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Good Banks for Small Business in Big Lake, Minnesota Getting an SBA Loan in Minnesota
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