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January 29, 2023  
 
 
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I Need an SBA Loan in Aberdeen, South Dakota

 

 
Loan Census SBA Loan Info

Welding and Soldering Equipment Manufacturing Commercial Loans

Looking for commercial loans for welding and soldering equipment manufacturing? Try the SBA. This $50,000 welding and soldering equipment manufacturing loan was issued by a South Dakota bank.

Getting a small business loan in Aberdeen, South Dakota was important for this small business back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Great Western Bank, operating out of Aberdeen, South Dakota. Here are the details on this South Dakota small business loan.

SBA Loan Borrower

COMPANY TYPE: WELDING AND SOLDERING EQUIPMENT MANUFACTURING
ABERDEEN, SD 57401

SBA Loan Lender

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

This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

333992 - Welding and Soldering Equipment Manufacturing

Loan Approval Date

4/3/2003

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. This SBA loan request did not indicate that the business planned to use the money to add employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.

This SBA loan was for $50,000. How would you spend $50,000 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.

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