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May 2, 2024 |
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| Home > Small Business Lenders by State > South Dakota Business Loan Sources > Sioux Falls, Business Loans > First Premier Bank Sioux Falls Business Loans > Beauty Salons Loan | ||||
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SBA Lender Sioux Falls
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Sioux Falls, South Dakota Bank Gives SBA Loan to Beauty Salons CompanyThinking about meeting with a Sioux Falls, South Dakota bank about a business loan? Here's one South Dakota business loan, issued by a Sioux Falls bank, that was approved by the SBA. Applying for an SBA loan with First Premier Bank worked out well for our friends at one local firm in Sioux Falls, South Dakota. They got an SBA loan for $135,000. Great job! SBA Loan Borrower COMPANY TYPE: BEAUTY SALONS SBA Loan Lender FIRST PREMIER BANK SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 812112 - Beauty Salons Loan Approval Date 1/11/2008 Loan Approval Gross Amount $135,000 Loan Approval from the SBA Of the total $135,000 loan amount, the SBA guaranteed $114,750. 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 2 employees. The SBA loan documents indicated that the loan would help generate 6 new jobs and retain 8 existing jobs. Getting an SBA Loan For Your Business The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need. The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. First Premier Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, First Premier Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers. The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail. 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 SBA Banks in Sioux Falls, South Dakota
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