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May 14, 2024 |
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| Home > Small Business Lenders by State > South Dakota Business Loan Sources > Lincoln, Business Loans > Security First Bank Lincoln Business Loans > Florists Loan | ||||
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Small Business Banks for Balck Hawk, South Dakota Small Businesses
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Getting an SBA Loan for FloristsLooking for commercial loans for florists? Try the SBA. This $20,346 florists loan was issued by a Nebraska bank. This business knew how to go about getting a business bank loan. Based in Balck Hawk, South Dakota, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Security First Bank, based in Lincoln, Nebraska. SBA Loan Borrower COMPANY TYPE: FLORISTS SBA Loan Lender SECURITY FIRST BANK This was a Low Documentation SBA loan. The SBA created this program to limit the paperwork associated with appliying for an SBA loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 453110 - Florists Loan Approval Date 9/30/2005 Loan Approval Gross Amount $20,346 Loan Approval from the SBA Of the total $20,346 loan amount, the SBA guaranteed $17,294. 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 3 employees. The loan application 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 If you need money to start a business or already have a business and need money to expand, an SBA loan can be a great funding source This company got an SBA loan. You can too! Maybe you are raising money for operating expenses? Maybe you need money to buy a business? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Small Bank Loans in Lincoln, Nebraska
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