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May 14, 2024 |
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| Home > Small Business Lenders by State > South Dakota Business Loan Sources > Chamberlain, Business Loans > First Dakota National Bank Chamberlain Business Loans > Funeral Service And Crematories Loan | ||||
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First Dakota National Bank Small Business Loan
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Funeral Homes and Funeral Services Bank LoansLooking for bank loans for funeral homes and funeral services? Try the SBA. This $306,000 funeral homes and funeral services loan was issued by a South Dakota bank. This company knew how to go about getting a business bank loan. Based in Belle Fourche, South Dakota, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was First Dakota National Bank, based in Chamberlain, South Dakota. SBA Loan Borrower COMPANY TYPE: FUNERAL SERVICE AND CREMATORIES SBA Loan Lender FIRST DAKOTA NATIONAL BANK This SBA business loan was provided by a banker with SBA Certified Lenders Program (CLP) status. CLP lenders who submit loan requests to the SBA get more expeditious service from the SBA on their loan applications. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7261 - Funeral Service and Crematories NAICS Code 812210 - Funeral Homes and Funeral Services Loan Approval Date 9/29/2005 Loan Approval Gross Amount $306,000 Loan Approval from the SBA Of the total $306,000 loan amount, the SBA guaranteed $229,500. 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 only one employee. This SBA loan request did not indicate that the company planned to use the money to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Banks in Chamberlain, South Dakota
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