SBA lending record
Generations on 1st LLC
26 1ST AVE SW, Watertown, SD 57201 · New Multifamily Housing Construction (except For-Sale Builde. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$1.6M
Total SBA financing
1
Loan on record
FY2021
On record
1
Jobs supported
● business — business location is the ZIP-area centroid from the public record
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The loan
$1,565,200 — FY2021
- Gross approval
- $1,565,200
- SBA guaranteed
- $1,408,680 (90%)
- Status
- Paid in full
- Rate at approval
- 4.35% f
- Term
- 24 mo (2 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 3/15/2021
- First disbursement
- 3/15/2021
- Days to fund
- 0 days
- Paid in full
- 8/31/2021
- Collateral
- Required
- Jobs supported
- 1
- Business type
- Corporation
- Business age
- New Business or 2 years or less
- Industry
- New Multifamily Housing Construction (except For-Sale Builde
- NAICS code
- 236116
- Lender
- Red River State Bank
- Address
- 26 1ST AVE SW
- City
- Watertown, 57201
- County
- Codington
- SBA district office
- SOUTH DAKOTA DISTRICT OFFICE
- Congressional district
- 0
The lender
Find SBA lenders for businesses like this
The banks most active funding new multifamily housing construction (except for-sale builde — by location, industry.
Similar businesses
Comparable new multifamily housing construction (except for-sale builde in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.
Parkside Place LLC
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Schilken Family Investments, LLC
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- $1.9M
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- ≈ $3.7M–$6.1M
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ISR Homes Inc.
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New Multifamily Housing Construction (except For-Sale Builde
- $1.3M
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Diamond Construction of Fargo, LLC
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Blue Corner Construction LLC
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New Multifamily Housing Construction (except For-Sale Builde
- $9.7M
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Agent summary
This page summarizes the public SBA 7(a) lending record for Generations on 1st LLC in Watertown, SD (New Multifamily Housing Construction (except For-Sale Builde). CapBench compiles public SBA loan data, lender activity, and business signals to help buyers and advisors evaluate acquisition financing — it does not list this business for sale.
- 1 SBA 7(a) loan totaling $1.6M
- On record FY2021
- 1 jobs supported
- Industry: New Multifamily Housing Construction (except For-Sale Builde
- Location: Watertown, SD
- Lender: Red River State Bank
Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with New Multifamily Housing Construction (except For-Sale Builde businesses in SD for ~$1.6M deals, then pre-qualify for 7(a) financing before making an offer. CapBench can arrange a lender introduction — free for buyers.
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
- Sources:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
- Methodology:
- Sources & methodology
- Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
- Figures come from public records and CapBench methodology; verify before relying on them.
- Financing figures are historical loan records, not a current offer or a loan approval. CapBench is not a lender.
Is Generations on 1st LLC your business?
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CapBench listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with Generations on 1st LLC.