Kearney, Nebraska Lender Lends Money to Motorcycle, Bicycle, And Parts Manufacturing Company
Thinking about meeting with a Kearney, Nebraska bank about a small business loan? Here's one Nebraska business loan, issued by a Kearney bank, that was approved by the SBA.
Applying for an SBA loan with Platte Valley St. Bank & Trust worked out well for our friends at one local firm in Bertrand, Nebraska. The business was able to get an SBA loan for $45,000. Sweet!
SBA Loan Borrower
COMPANY TYPE: MOTORCYCLE, BICYCLE, AND PARTS MANUFACTURING
BERTRAND, NE 68927
SBA Loan Lender
PLATTE VALLEY ST. BANK & TRUST
2223 2ND AVE
KEARNEY, NE 68847
This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
336991 - Motorcycle, Bicycle, and Parts Manufacturing
Loan Approval Date
12/18/2002
Loan Approval Gross Amount
$45,000
Loan Approval from the SBA
Of the total $45,000 loan amount, the SBA guaranteed $38,250.
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 3 employees. The SBA loan documents did not indicate that the business planned to use the money to increase staffing levels or retain any existing employees.
Great, But How Can I Get an SBA Loan for My Business?
SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options.
If you need emergency money for small businesses, the SBA has special programs for you. We've put a spotlight on this loan from Platte Valley St. Bank & Trust 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.
Related Links:
Business Cash Advances
Best Banks for Small Business in Kearney, Nebraska
Getting an SBA Loan in Nebraska