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May 8, 2024 |
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| Home > Small Business Lenders by State > South Dakota Business Loan Sources > Minneapolis, Business Loans > Wells Fargo Bank Minneapolis Business Loans > Hunting, Trapping And Game Propagation Loan | ||||
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Wells Fargo Bank Small Business Loans Martin
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Martin, South Dakota Business Gets SBA-Guaranteed Funding from Wells Fargo BankWells Fargo Bank is a source for SBA loans that have lower down payments and longer repayment terms than many other financing options. To help you understand SBA loans, we've featured one South Dakota entrepreneur who tapped into the power of SBA loans. This small firm knew how to go about getting a business bank loan. Based in Martin, South Dakota, they applied for and received an SBA-guaranteed loan in 2000. The lending bank was Wells Fargo Bank, based in Minneapolis, Minnesota. SBA Loan Borrower COMPANY TYPE: HUNTING, TRAPPING AND GAME PROPAGATION SBA Loan Lender WELLS FARGO BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 0971 - Hunting, Trapping and Game Propagation NAICS Code 114210 - Hunting and Trapping Loan Approval Date 9/27/2000 Loan Approval Gross Amount $97,100 Loan Approval from the SBA Of the total $97,100 loan amount, the SBA guaranteed $77,680. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 3 employees. The SBA loan documents indicated that the loan would help generate 5 new jobs and retain 3 existing jobs. Great, But How Can I Get an SBA Loan for My Business? SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. We've showcased information on this loan to let you know that businesses like yours 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: Family and Friend Investors - Your First Financiers SBA Participating Banks in Minneapolis, Minnesota
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