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April 18, 2024 |
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| Home > Small Business Lenders by State > South Dakota Business Loan Sources > Sioux Falls, Business Loans > Metabank Sioux Falls Business Loans > Batteries Plus Of Rapid City Loan | ||||
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SBA Franchise Lenders in South Dakota
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Loan to Buy Battery Plus Franchise Issued By MetabankNeed money to invest in a Battery Plus franchise? Metabank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Rapid City, South Dakota needed money to invest in a Battery Plus franchise back in 2002. Metabank issued an SBA franchise loan. Here are the details on this South Dakota small business loan. SBA Loan Borrower BATTERIES PLUS OF RAPID CITY SBA Loan Lender METABANK This commercial loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5531 - Auto and Home Supply Stores NAICS Code 441310 - Automotive Parts and Accessories Stores Loan Approval Date 12/12/2002 Loan Approval Gross Amount $285,000 Loan Approval from the SBA Of the total $285,000 loan amount, the SBA guaranteed $213,750. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was used to buy a Battery Plus franchise. At the time of the loan, the company had 5 employees. The SBA loan documents did not indicate that the business planned to use the money to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress. This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you want money to buy a franchise? Regardless of why you need money, guaranteed SBA loans may be the right answer for you. 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: Obtaining Funding - Getting Venture Capital Where to Get an SBA Loan in Sioux Falls, South Dakota
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