Business Loan from Peoples-Webster County Bank Given to Crop Harvesting, Primarily By Machine Company

An SBA loan from Peoples-Webster County Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Alma, Nebraska business owner got a $110,000 loan.

This growing company knew how to go about getting a business bank loan. Based in Alma, Nebraska, they applied for and received an SBA-guaranteed loan in 2003. The lending bank was Peoples-Webster County Bank, based in Red Cloud, Nebraska.

SBA Loan Borrower

COMPANY TYPE: CROP HARVESTING, PRIMARILY BY MACHINE
ALMA, NE 68920

SBA Loan Lender

PEOPLES-WEBSTER COUNTY BANK
126 W 4TH ST
RED CLOUD, NE 68970

The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

115113 - Crop Harvesting, Primarily by Machine

Loan Approval Date

5/2/2003

Loan Approval Gross Amount

$110,000

Loan Approval from the SBA

Of the total $110,000 loan amount, the SBA guaranteed $55,000.

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 8 employees. This SBA loan request indicated that the loan would help retain 8 existing jobs.

Next Steps for Getting an SBA Loan

Every year, the SBA guarantees over $10 billion for loans just like this one.

We can help you find the best banks for small businesses in Alma or anywhere else for that matter. By talking to a number of banks about getting an SBA loan, you will increase your odds of success.

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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