Loan Census Banking News and Information
February 2, 2023  
 
 
  Business Loan Information  
 

Aberdeen, South Dakota Bank for SBA Loans

 

 
Loan Census SBA Loan Info

Amusement and Recreation Industries Loans

Looking for loans for amusement and recreation industries? Try the SBA. This $319,182 amusement and recreation industries loan was issued by a South Dakota bank.

This company received financial assistance through the SBA's lending programs back in 2005. They applied for an SBA loan with Dacotah Bank, out of Aberdeen, South Dakota. The loan was granted and they received $319,182 to help grow their Aberdeen, South Dakota business.

SBA Loan Borrower

COMPANY TYPE: AMUSEMENT AND RECREATION SERVICES
ABERDEEN, SD 57401

SBA Loan Lender

DACOTAH BANK
308 S MAIN ST
ABERDEEN, SD 57401

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide business loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

7999 - Amusement and Recreation Services

NAICS Code

713990 - Amusement and Recreation Industries

Loan Approval Date

7/12/2005

Loan Approval Gross Amount

$319,182

Loan Approval from the SBA

Of the total $319,182 loan amount, the SBA guaranteed $239,386.

More Information on This SBA Loan

The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 9 employees. This SBA loan request did not indicate that the SBA funding recipient planned to use the loan proceeds to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

This SBA loan was for $319,182. How would you spend $319,182 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:

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Find an SBA Lender in Aberdeen, South Dakota

Getting a Business Loan in South Dakota