Raising Money for Household Cooking Appliance Manufacturing

Looking for business loans for household cooking appliance manufacturing? The SBA may be the answer. This $135,000 household cooking appliance manufacturing loan was issued by a Nebraska bank.

Getting a small business loan in Blair, Nebraska was important for this small business back in 2004 and, based on their loan application, they were successful in getting an SBA loan from Bank Of Bennington, operating out of Bennington, Nebraska. Here are the details on this Nebraska small business loan.

SBA Loan Borrower

COMPANY TYPE: HOUSEHOLD COOKING APPLIANCE MANUFACTURING
BLAIR, NE 68008

SBA Loan Lender

BANK OF BENNINGTON
12212 N 156TH ST
BENNINGTON, NE 68007

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

335221 - Household Cooking Appliance Manufacturing

Loan Approval Date

10/6/2004

Loan Approval Gross Amount

$135,000

Loan Approval from the SBA

Of the total $135,000 loan amount, the SBA guaranteed $114,750.

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 20 employees. The loan application did not indicate that the business promised to use the loan proceeds to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA guaranteed loans are made by private lenders and are guaranteed by the SBA with funds appropriated by Congress.

SBA loan guarantees are not loans per se. The SBA simply guarantees the loan, but banks and other lending institutions grant you the loan and give you the money. So, just as this company walked into Bank Of Bennington and applied for an SBA loan, you have to do the same thing. You need to demonstrate business strength and potential, but the sooner you start, the faster you'll get the money if you qualify!

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:

Obtaining Funding - How to Borrow Money

Best Bennington, Nebraska Banks for Small Business

Nebraska SBA Banks