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April 27, 2024 |
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| Home > Small Business Lenders by State > Nevada Business Loan Sources > Sioux Falls, Business Loans > Wells Fargo Bank Sioux Falls Business Loans > Activities Related To Credit Intermediation Loan | ||||
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Advice for Small Business Owners On Getting a Loan
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Loans for Activities Related to Credit IntermediationLooking for loans for activities related to credit intermediation? The SBA may be the answer. This $369,400 activities related to credit intermediation loan was issued by a South Dakota bank. Getting a small business loan in Las Vegas, Nevada was important for this company back in 2008 and, based on their loan application, they were successful in getting an SBA loan from Wells Fargo Bank, operating out of Sioux Falls, South Dakota. Here are the details on this Nevada small business loan. SBA Loan Borrower COMPANY TYPE: ACTIVITIES RELATED TO CREDIT INTERMEDIATION SBA Loan Lender WELLS FARGO BANK This lender provides SBA small business loans 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 522390 - Activities Related to Credit Intermediation Loan Approval Date 2/4/2008 Loan Approval Gross Amount $369,400 Loan Approval from the SBA Of the total $369,400 loan amount, the SBA guaranteed $277,050. 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 5 employees. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 5 existing jobs. Great, But How Can I Get an SBA Loan for My Business? The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Wells Fargo Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Wells Fargo Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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 Sioux Falls, South Dakota
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