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May 16, 2024 |
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| Home > Small Business Lenders by State > Idaho Business Loan Sources > Sioux Falls, Business Loans > Wells Fargo Bank Sioux Falls Business Loans > Livestock Merchant Wholesalers Loan | ||||
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Advice for Business Owners On Getting a Loan
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Getting an SBA Loan for Livestock Merchant WholesalersLooking for SBA loans for livestock merchant wholesalers? Try the SBA. This $518,000 livestock merchant wholesalers loan was issued by a South Dakota bank. The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Shoshone, Idaho was able to borrow $518,000 from Wells Fargo Bank. The SBA made the loan possible by guaranteeing $388,500 of this Idaho small business loan. SBA Loan Borrower COMPANY TYPE: LIVESTOCK MERCHANT WHOLESALERS SBA Loan Lender WELLS FARGO BANK This bank was authorized by the United States Small Business Administration (SBA) as an official lender for the SBA Preferred Lender Program (PLP). Only the most active and experienced lenders qualify for this SBA lending program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 424520 - Livestock Merchant Wholesalers Loan Approval Date 6/14/2007 Loan Approval Gross Amount $518,000 Loan Approval from the SBA Of the total $518,000 loan amount, the SBA guaranteed $388,500. 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 50 employees. This SBA loan request indicated that the loan would help retain 50 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. If you need to find money for a business, the SBA has special programs for you. We've put a spotlight on this loan from Wells Fargo Bank so you can get a feel for how SBA loans work. Applying for an SBA loan starts with a visit to a banker that works with the SBA. 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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