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May 16, 2024 |
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| Home > Small Business Lenders by State > California Business Loan Sources > Sioux Falls, Business Loans > Wells Fargo Bank Sioux Falls Business Loans > Mail-Order Houses Loan | ||||
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Banks in Sioux Falls, South Dakota That Make SBA Loans
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Sioux Falls, South Dakota Lender Lends Money to Mail-Order Houses CompanyWant to talk with a Sioux Falls, South Dakota bank about a business loan? Here's one California business loan, issued by a Sioux Falls bank, that was approved by the SBA. Applying for an SBA loan with Wells Fargo Bank worked out well for our friends at one local firm in Irwindale, California. The business was able to get an SBA loan for $719,200. Sweet! SBA Loan Borrower COMPANY TYPE: MAIL-ORDER HOUSES SBA Loan Lender WELLS FARGO BANK This lender provides SBA debt financing as part of the SBA's Preferred Lender Program (PLP). SBA PLP lenders are chosen from among the SBA's best lenders and have full delegation of lending authority in most situations. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 454113 - Mail-Order Houses Loan Approval Date 3/28/2007 Loan Approval Gross Amount $719,200 Loan Approval from the SBA Of the total $719,200 loan amount, the SBA guaranteed $539,400. 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 16 employees. The loan application indicated that the loan would help generate 14 new jobs and retain 16 existing jobs. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Wells Fargo Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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: Obtaining Funding - Getting Venture Capital Small Business Banks in Sioux Falls, South Dakota
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