South Dakota Small Business Loan Issued to Perfumes, Cosmetics And Beauty Products Company

Bank loans in South Dakota are are few and far betweeen these days. We take a look at one South Dakota bank loan, provided by a South Dakota bank, that was approved by the SBA.

Getting a small business loan in Sioux Falls, South Dakota was a top priority for this loan applicant back in 2001 and, based on their loan application, they were successful in getting an SBA loan from First Bank & Trust. Here are the details on this South Dakota small business loan.

SBA Loan Borrower

COMPANY TYPE: PERFUMES, COSMETICS AND BEAUTY PRODUCTS
SIOUX FALLS, SD 57105

SBA Loan Lender

FIRST BANK & TRUST
133 S MAIN AVE
SIOUX FALLS, SD 57104

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2844 - Perfumes, Cosmetics and Beauty Products

NAICS Code

422990 - Nondurable Goods Wholesalers

Loan Approval Date

1/19/2001

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $45,000.

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 3 employees. The loan application did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

Many small businesses receive loans backed by the U.S. Small Business Administration.

This company got an SBA loan. You can too! Maybe you want money for start up business? Maybe you need money to buy a business? 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.

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