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May 2, 2024 |
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| Home > Small Business Lenders by State > South Dakota Business Loan Sources > Rapid City, Business Loans > Black Hills Fcu Rapid City Business Loans > Dakota Wireless Loan | ||||
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Loans to Buy a Franchise in South Dakota
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Rapid City, SD Entrepreneur Gets SBA Loan to Buy Dakota Wireless FranchiseNeed a loan to purchase a Dakota Wireless franchise? Black Hills Fcu has a history of making these loans and they are guaranteed by the SBA. Getting money to buy a Dakota Wireless franchise shouldn't be too tough. In 2006, Black Hills Fcu issued an SBA franchise loan to an entrepreneur in Rapid City, South Dakota. Because Dakota Wireless was registered with the SBA's registry of franchises, this South Dakota small business loan was issued on an expedited basis. SBA Loan Borrower DAKOTA WIRELESS SBA Loan Lender BLACK HILLS FCU The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA loans to to our country's hard-working small business owners. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code Loan Approval Date 8/15/2006 Loan Approval Gross Amount $37,700 Loan Approval from the SBA Of the total $37,700 loan amount, the SBA guaranteed $32,045. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Dakota Wireless franchise. At the time of the loan, the company had 2 employees. The SBA loan documents indicated that the loan would help generate 2 new jobs and retain 2 existing jobs. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process. 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: Accountant's Role in Securing Financing Banks in Rapid City, South Dakota
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