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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 > Offices Of Holding Companies, N.E.C Loan | ||||
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Sioux Falls, South Dakota Bank for SBA Loans
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Sioux Falls, South Dakota Bank Gives SBA Loan to Offices Of Holding Companies, N.E.C CompanyA Sioux Falls, South Dakota small business loan can be yours. Learn how one firm got a $105,000 business loan from this South Dakota bank. This loan to a local firm is a good example of an SBA loan. First Premier Bank made the loan and the SBA guaranteed a portion of the loan. Many other South Dakota entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take. SBA Loan Borrower COMPANY TYPE: OFFICES OF HOLDING COMPANIES, N.E.C SBA Loan Lender FIRST PREMIER BANK This lender issued this particular SBA business loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 6719 - Offices of Holding Companies, N.E.C NAICS Code 551112 - Holding Companies Loan Approval Date 3/6/2000 Loan Approval Gross Amount $105,000 Loan Approval from the SBA Of the total $105,000 loan amount, the SBA guaranteed $78,750. 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 only one employee. The SBA loan documents did not indicate that the company promised to use the loan proceeds to add employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like First Premier Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there 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: Good Banks for Small Business in Sioux Falls, South Dakota
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