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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 Savings Bank Sioux Falls Business Loans > Eating Places Loan | ||||
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Sioux Falls, South Dakota SBA Banks
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Sioux Falls, South Dakota Lender Lends Money to Eating Places CompanyWant to talk with a Sioux Falls, South Dakota bank about an SBA 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 Savings Bank worked out well for our friends at one local business in Sioux Falls, South Dakota. They received an SBA loan for $150,000. Nice! SBA Loan Borrower COMPANY TYPE: EATING PLACES SBA Loan Lender FIRST SAVINGS BANK This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places Loan Approval Date 2/22/2000 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $112,500. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 25 employees. The loan application did not indicate that the company promised to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business Many small businesses receive loans backed by the U.S. Small Business Administration. 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: Obtaining Funding From a Venture Capitalist Small Business Banks in Sioux Falls, South Dakota Find an SBA Lender in South Dakota
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