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May 3, 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 > Milbank Hardware Hank Loan | ||||
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Bank Of The West Franchise Business Loans
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South Dakota Entrepreneur Secures Financing to Buy Hardware Hank FranchiseNeed money to buy a Hardware Hank franchise? Bank Of The West has a history of making these loans and they are guaranteed by the SBA. Hardware Hank franchise loans are available to Milbank, South Dakota entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Bank Of The West, based in Salt Lake City, Utah, issued an SBA franchise loan for a Hardware Hank franchise in 2002. We've got all the details on this South Dakota small business loan. SBA Loan Borrower MILBANK HARDWARE HANK SBA Loan Lender BANK OF THE WEST As a member of the SBA's Preferred Lender Program (PLP), this bank is able to streamline the underwriting process and provide a favorable credit decision on behalf of the SBA for long-term loans. PLP lenders can cut through the red tape and accelerate the loan approval process. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 444130 - Hardware Stores Loan Approval Date 8/9/2002 Loan Approval Gross Amount $259,400 Loan Approval from the SBA Of the total $259,400 loan amount, the SBA guaranteed $194,550. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Hardware Hank franchise. At the time of the loan, the company had 3 employees. The loan application indicated that the loan would help generate 8 new jobs and retain 8 existing jobs. Great, But How Can I Get an SBA Loan for My Business? If you need money to start a business or need money for an existing business, an SBA loan can be a great funding source This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank. 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: A Company That Helps Entrepreneurs
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