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May 12, 2024 |
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| Home > Small Business Lenders by State > South Dakota Business Loan Sources > Gordon, Business Loans > 1st National Bank - Gordon Gordon Business Loans > Bowling Centers Loan | ||||
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Examples of Martin SBA Loans
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Loans for Bowling CentersLooking for loans for bowling centers? The SBA may be the answer. This $150,000 bowling centers loan was issued by a Nebraska bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Martin, South Dakota was able to borrow $150,000 from 1st National Bank - Gordon. The SBA made the loan possible by guaranteeing $127,500 of this South Dakota small business loan. SBA Loan Borrower COMPANY TYPE: BOWLING CENTERS SBA Loan Lender 1ST NATIONAL BANK - GORDON This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 713950 - Bowling Centers Loan Approval Date 12/18/2002 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. 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 6 employees. This SBA loan request did not indicate that the small business promised to use the money to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan. 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: Determining Proper Capital Structure for a Business SBA Participating Banks in Gordon, Nebraska SBA Participating Banks in Nebraska
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