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May 13, 2024 |
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| Home > Small Business Lenders by State > South Dakota Business Loan Sources > Fort Pierre, Business Loans > First National Bank Fort Pierre Business Loans > Hotels And Motels Loan | ||||
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Getting an SBA Loan in Pierre, South Dakota
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First National Bank Gives SBA Loan to Hotels And Motels CompanyWould a South Dakota small business loan help your small business to grow and prosper? If so, you may want to talk with this South Dakota bank, which offers SBA loans to South Dakota entrepreneurs. By giving the right information to First National Bank, this Pierre, South Dakota business was able to get an SBA loan. To get this loan, the loan applicant gave the lending institution and the SBA a clear description of what the loan proceeds would be used for and how they intended to pay the loan back. SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender FIRST NATIONAL BANK This lender issued this particular commercial 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 721110 - Hotels and Motels Loan Approval Date 5/12/2005 Loan Approval Gross Amount $149,500 Loan Approval from the SBA Of the total $149,500 loan amount, the SBA guaranteed $127,075. 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 4 employees. The loan application did not indicate that the SBA funding recipient promised to use the funding to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loans provide smart, affordable business financing for small businesses looking to expand. This SBA loan was for $149,500. How would you spend $149,500 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: Best Banks for Small Business in Fort Pierre, South Dakota
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