Loan Census Banking News and Information
February 3, 2023  
 
 
  Business Loan Information  
 

I Need a Business Loan to Buy a Franchise in Aberdeen, South Dakota

 

 
Loan Census SBA Loan Info

Great Western Bank Provides SBA Loan to Buy Pizza Ranch Franchise

Borrowing money to invest in a Pizza Ranch franchise? Great Western Bank has a history of making these loans and they are guaranteed by the SBA.

Getting money to buy a Pizza Ranch franchise shouldn't be too tough. In 2000, Great Western Bank issued an SBA franchise loan to an entrepreneur in Aberdeen, South Dakota. Because Pizza Ranch was registered with the SBA's registry of franchises, this South Dakota small business loan was issued on an expedited basis.

SBA Loan Borrower

PIZZA RANCH
ABERDEEN, SD 57401

SBA Loan Lender

GREAT WESTERN BANK
119 6TH AVE SE
ABERDEEN, SD 57402

This loan for a small business was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

Loan Approval Date

1/12/2000

Loan Approval Gross Amount

$425,000

Loan Approval from the SBA

Of the total $425,000 loan amount, the SBA guaranteed $318,750.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Pizza Ranch franchise. At the time of the loan, the company had 40 employees. The loan application did not indicate that the small business promised to use the money to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

If you are wondering how to raise money for a company in Aberdeen SD, you ought to talk with a local Aberdeen SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Aberdeen businesses.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Great Western Bank that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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:

Business Line of Credit

Best Banks for Small Business in Aberdeen, South Dakota

SBA Lenders in South Dakota