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May 15, 2024 |
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| Home > Small Business Lenders by State > South Dakota Business Loan Sources > Pierre, Business Loans > American State Bank Pierre Business Loans > Sporting And Recreational Camps Loan | ||||
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South Dakota Small Business SBA Loans
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Local Business Gets a South Dakota Bank LoanWould a South Dakota business loan help your company expand? If so, you may want to talk with this South Dakota bank, which offers SBA loans to South Dakota entrepreneurs. Getting a small business loan in Pierre, South Dakota was a top priority for this SBA-financed company back in 2001 and, based on their loan application, they were successful in getting an SBA loan from American State Bank. Here are the details on this South Dakota small business loan. SBA Loan Borrower COMPANY TYPE: SPORTING AND RECREATIONAL CAMPS SBA Loan Lender AMERICAN STATE BANK At the time this loan was granted, this bank participated in the SBA's Certified Lenders Program (CLP). This program is designed to offer fast service on loan applications received from lenders who have a successful SBA lending track record and a thorough understanding of SBA policies and procedures. CLP lenders perform a complete analysis of the application and, in return, SBA promises a fast loan decision. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 7032 - Sporting and Recreational Camps NAICS Code 721214 - Recreational and Vacation Camps Loan Approval Date 7/18/2001 Loan Approval Gross Amount $290,000 Loan Approval from the SBA Of the total $290,000 loan amount, the SBA guaranteed $217,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 15 employees. The loan application did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. This SBA loan was for $290,000. How would you spend $290,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started. 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: Best Pierre, South Dakota Banks for Small Business
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