Raising Money for Farm and Garden Machinery and Equipment Merchant Wholesalers

With these bank loans for farm and garden machinery and equipment merchant wholesalers, the SBA guarantees the lender that the loan will be repaid. This farm and garden machinery and equipment merchant wholesalers loan for $206,000 was given to a South Dakota entrepreneur in 2005.

This small firm knew how to go about getting a business bank loan. Based in Freeman, South Dakota, they applied for and were awarded an SBA-guaranteed loan in 2005. The lending bank was Cortrust Bank, based in Freeman, South Dakota.

SBA Loan Borrower

COMPANY TYPE: FARM AND GARDEN MACHINERY AND EQUIPMENT
FREEMAN, SD 57029

SBA Loan Lender

CORTRUST BANK
4TH & POPLAR STS
FREEMAN, SD 57029

This SBA business loan 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

5083 - Farm and Garden Machinery and Equipment

NAICS Code

423820 - Farm and Garden Machinery and Equipment Merchant Wholesalers

Loan Approval Date

5/20/2005

Loan Approval Gross Amount

$206,000

Loan Approval from the SBA

Of the total $206,000 loan amount, the SBA guaranteed $154,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 9 employees. This SBA loan request did not indicate that the company promised to use the funding to add employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Your solution for where to find money to start a business may be an SBA guaranteed loan. This company recognized that the SBA offers great programs for new and growing businesses. Now it's your turn. Talk to a banker to start the process.

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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Where to Get an SBA Loan in Freeman, South Dakota

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