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May 1, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Sioux Falls, Business Loans > Dacotah Bank Sioux Falls Business Loans > Chiropractors Loan | ||||
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SBA Lender Sioux Falls
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Sioux Falls, South Dakota Lender Lends Money to Chiropractors CompanyThinking about meeting with a Sioux Falls, South Dakota bank about an SBA loan? Here's one Minnesota business loan, issued by a Sioux Falls bank, that was approved by the SBA. Applying for an SBA loan with Dacotah Bank worked out well for our friends at one local business in Bloomington, Minnesota. The business was able to get an SBA loan for $148,300. Great job! SBA Loan Borrower COMPANY TYPE: CHIROPRACTORS SBA Loan Lender DACOTAH BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 621310 - Chiropractors Loan Approval Date 2/14/2003 Loan Approval Gross Amount $148,300 Loan Approval from the SBA Of the total $148,300 loan amount, the SBA guaranteed $126,055. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 3 employees. This SBA loan request did not indicate that the company planned to use the funding to hire new employees or retain any existing employees. Great, But How Can I Get an SBA Loan for My Business? Every year, the SBA guarantees over $10 billion for loans just like this one. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like Dacotah 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: SBA 7A Banks for Sioux Falls, South Dakota Loans
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