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April 28, 2024 |
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| Home > Small Business Lenders by State > South Dakota Business Loan Sources > Sioux Falls, Business Loans > First Bank & Trust Sioux Falls Business Loans > Perfumes, Cosmetics And Beauty Products Loan | ||||
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South Dakota Bank SBA Loans
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Sioux Falls, South Dakota Bank Lends Money to Perfumes, Cosmetics And Beauty Products Company in Sioux Falls, South DakotaThinking 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 Bank & Trust worked out well for our friends at one local company in Sioux Falls, South Dakota. They got an SBA loan for $150,000. Sweet! SBA Loan Borrower COMPANY TYPE: PERFUMES, COSMETICS AND BEAUTY PRODUCTS SBA Loan Lender FIRST BANK & TRUST The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide SBA loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 2844 - Perfumes, Cosmetics and Beauty Products NAICS Code 424990 - Nondurable Goods Merchant Wholesalers Loan Approval Date 10/28/2003 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 8 employees. This SBA loan request did not indicate that the SBA funding recipient promised to use the money to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business If you are wondering how to raise money for a company in Sioux Falls SD, you ought to talk with a local Sioux Falls SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Sioux Falls businesses. Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First Bank & Trust that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP). 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: SBA Banks in Sioux Falls, South Dakota
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