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May 9, 2024 |
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| Home > Small Business Lenders by State > South Dakota Business Loan Sources > Salt Lake City, Business Loans > Bank Of The West Salt Lake City Business Loans > Dairy Farms Loan | ||||
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SBA 7A Banks in South Dakota
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Raising Money for Dairy Cattle and Milk ProductionLooking for bank loans for dairy cattle and milk production? Talk to a banker who works with the SBA. This $147,200 dairy cattle and milk production loan was issued by an Utah bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Marion, South Dakota was able to borrow $147,200 from Bank Of The West. The SBA made the loan possible by guaranteeing $125,120 of this South Dakota small business loan. SBA Loan Borrower COMPANY TYPE: DAIRY FARMS SBA Loan Lender BANK OF THE WEST The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA loans to American small businesses. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 0241 - Dairy Farms NAICS Code 112120 - Dairy Cattle and Milk Production Loan Approval Date 7/30/2002 Loan Approval Gross Amount $147,200 Loan Approval from the SBA Of the total $147,200 loan amount, the SBA guaranteed $125,120. 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 2 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to hire new employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory. We can help you find the best banks for small businesses in Marion or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success. 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: Good Banks for Small Business in Salt Lake City, Utah
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