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May 19, 2024 |
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| Home > Small Business Lenders by State > South Dakota Business Loan Sources > Yankton, Business Loans > First Dakota National Bank Yankton Business Loans > Computer And Software Stores Loan | ||||
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How to Get an SBA Loan in Yankton, South Dakota
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Yankton, South Dakota Entrepreneur Gets an SBA LoanSouth DakotaBusiness loans are available to South Dakota business owners through the SBA. In this case, a South Dakota bank provides the loan. This company, based in Yankton, South Dakota, offers a good example of how small businesses get financed. Taking advantage of the SBA's guaranteed loan program, they were able to get a loan from First Dakota National Bank. We've got the inside scoop on this South Dakota small business loan. SBA Loan Borrower COMPANY TYPE: COMPUTER AND SOFTWARE STORES SBA Loan Lender FIRST DAKOTA NATIONAL BANK This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 443120 - Computer and Software Stores Loan Approval Date 6/3/2002 Loan Approval Gross Amount $67,000 Loan Approval from the SBA Of the total $67,000 loan amount, the SBA guaranteed $56,950. 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 5 employees. The loan application did not indicate that the company planned to use the loan proceeds to hire new employees or retain any existing employees. Getting an SBA Loan For Your Business SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Who Lends Money to Small Businesses in Yankton, South Dakota
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