Dell Rapids, South Dakota Bank Lends Money to Plumbing, Heating, And Air Conditioning Contractors Company in Trent, South Dakota

Get to know Dell Rapids, South Dakota banks that specialize in SBA loans and know how to work with entrepreneurs. Home Federal Bank is one such bank, as evidenced by this SBA loan to a growing company.

Finding a small business loan in Trent, South Dakota starts with an understanding of who else has gotten loans in the area. In this case, a local small business received funding from Home Federal Bank. Without an SBA guarantee, it's probable that this company would have had a harder time getting financed.

SBA Loan Borrower

COMPANY TYPE: PLUMBING, HEATING, AND AIR CONDITIONING CONTRACTORS
TRENT, SD 57065

SBA Loan Lender

HOME FEDERAL BANK
408 HWY 77 NORTH
DELL RAPIDS, SD 57022

This lender issued this SBA loan under the SBA's 7(a) guaranteed loan program, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

235110 - Plumbing, Heating, and Air Conditioning Contractors

Loan Approval Date

3/27/2006

Loan Approval Gross Amount

$53,392

Loan Approval from the SBA

Of the total $53,392 loan amount, the SBA guaranteed $45,383.

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 2 employees. The SBA loan documents did not indicate that the business planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you need business start up money in Trent SD, you ought to talk with a local Trent SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Trent businesses.

If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Home Federal 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.

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Getting an SBA Loan in South Dakota