Tierone Bank Provides SBA Loan to Buy Do It Best Hardware Franchise

Borrowing money to buy a Do It Best Hardware franchise? Tierone Bank has a history of making these loans and they are guaranteed by the SBA.

Do It Best Hardware franchise loans are available to Atkinson, Nebraska entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, Tierone Bank, based in Grand Island, Nebraska, issued an SBA franchise loan for a Do It Best Hardware franchise in 2003. We've got all the details on this Nebraska small business loan.

SBA Loan Borrower

OGDEN TRUE VALUE INC
ATKINSON, NE 68713

SBA Loan Lender

TIERONE BANK
700 N WEBB RD
GRAND ISLAND, NE 68803

The issuing bank for this loan is an SBA 7A lender. The name comes from section 7(a) of the Small Business Act, which authorizes the Agency to provide SBA loans to to entrepreneurs who might have trouble getting a conventional bank loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

444130 - Hardware Stores

Loan Approval Date

10/30/2003

Loan Approval Gross Amount

$150,000

Loan Approval from the SBA

Of the total $150,000 loan amount, the SBA guaranteed $127,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Do It Best Hardware franchise. At the time of the loan, the company had 3 employees. This SBA loan request indicated that the loan would help retain 3 existing jobs.

Great, But How Can I Get an SBA Loan for My Business?

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

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:

Do It Best Hardware

How Equity Dilution Works

SBA 7A Banks for Grand Island, Nebraska Loans

Nebraska SBA Bank Lenders