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May 18, 2024 |
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| Home > Small Business Lenders by State > Iowa Business Loan Sources > Flandreau, Business Loans > 1st National Bank In Sioux Falls Flandreau Business Loans > Chiropractors Loan | ||||
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Larchwood, Iowa Bank for SBA Loans
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Chiropractors LoansLooking for loans for chiropractors? Talk to a banker who works with the SBA. This $87,500 chiropractors loan was issued by a South Dakota bank. This company received financial assistance through the SBA's lending programs back in 2002. They applied for an SBA loan with 1st National Bank In Sioux Falls, out of Flandreau, South Dakota. The loan was granted and they received $87,500 to help grow their Larchwood, Iowa business. SBA Loan Borrower COMPANY TYPE: CHIROPRACTORS SBA Loan Lender 1ST NATIONAL BANK IN SIOUX FALLS This was a Low Documentation SBA loan. The SBA launched this program to limit the paperwork associated with getting a loan . The low-doc program is quick, requiring 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 621310 - Chiropractors Loan Approval Date 10/23/2002 Loan Approval Gross Amount $87,500 Loan Approval from the SBA Of the total $87,500 loan amount, the SBA guaranteed $74,375. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. This SBA loan request did not indicate that the business planned to use the money to hire new employees 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. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $87,500 loan. It's not easy, but why not give getting an SBA loan of your own a try? 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 Flandreau, South Dakota
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