Small Business Loans for Ambulance Services
Looking for small business loans for ambulance services? Talk to a banker who works with the SBA. This $140,000 ambulance services loan was issued by a South Dakota bank.
Getting a small business loan in Aberdeen, South Dakota was important for this growing firm back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Dacotah Bank, operating out of Aberdeen, South Dakota. Here are the details on this South Dakota small business loan.
SBA Loan Borrower
COMPANY TYPE: AMBULANCE SERVICES
ABERDEEN, SD 57401
SBA Loan Lender
308 S MAIN ST
ABERDEEN, SD 57401
This was a Low Documentation SBA loan. The SBA launched this program to reduce the paperwork associated with borrowing money. The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Currently, $100,000 is the maximum loan amount.
SBA Loan Program Type
This loan was issued as a general business loan.
621910 - Ambulance Services
Loan Approval Date
Loan Approval Gross Amount
Loan Approval from the SBA
Of the total $140,000 loan amount, the SBA guaranteed $119,000.
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 12 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to add employees or retain any existing employees.
Next Steps for Getting an SBA Loan
SBA loans provide smart, affordable business financing for small businesses looking to expand.
The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Dacotah Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Dacotah Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.
The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.
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.
Business Credit Evaluation
Good Banks for Small Business in Aberdeen, South Dakota
Getting an SBA Loan in South Dakota