South Dakota Bank Loan Issued to Florists Company

Want a South Dakota bank loan? This South Dakota entrepreneur got a bank loan, provided by a South Dakota bank that works with the SBA to help small business owners.

Getting a small business loan in Presho, South Dakota was a top priority for this loan applicant back in 2005 and, based on their loan application, they were successful in getting an SBA loan from Dakota Prairie Bank. Here are the details on this South Dakota small business loan.

SBA Loan Borrower

COMPANY TYPE: FLORISTS
PRESHO, SD 57568

SBA Loan Lender

DAKOTA PRAIRIE BANK
210 MAIN ST
PRESHO, SD 57568

This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

453110 - Florists

Loan Approval Date

7/5/2005

Loan Approval Gross Amount

$61,200

Loan Approval from the SBA

Of the total $61,200 loan amount, the SBA guaranteed $52,020.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan documents did not indicate that the SBA funding recipient planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you need business start up money in Presho SD, you ought to talk with a local Presho SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Presho businesses.

We can help you find the best banks for small businesses in Presho 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.

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