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November 23, 2024 |
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| Home > Small Business Lenders by State > Nebraska Business Loan Sources > Broken Bow, Business Loans > Tierone Bank Broken Bow Business Loans > Hotels And Motels Loan | ||||
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Nebraska Small Business Funding
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Raising Money for Hotels and MotelsLooking for business loans for hotels and motels? Try the SBA. This $60,000 hotels and motels loan was issued by a Nebraska bank. This business knew how to go about getting a business bank loan. Based in Broken Bow, Nebraska, they applied for and were awarded an SBA-guaranteed loan in 2001. The lending bank was Tierone Bank, based in Broken Bow, Nebraska. SBA Loan Borrower COMPANY TYPE: HOTELS AND MOTELS SBA Loan Lender TIERONE BANK This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with appliying for an SBA loan . The low-doc program requires completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 721110 - Hotels and Motels Loan Approval Date 5/31/2001 Loan Approval Gross Amount $60,000 Loan Approval from the SBA Of the total $60,000 loan amount, the SBA guaranteed $51,000. More Information on This SBA Loan The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had only one employee. The SBA loan application for the borrower did not indicate that the business promised to use the money to add employees or retain any existing employees. Start the Process for Getting an SBA Loan Today! For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing. We can help you find the best banks for small businesses in Broken Bow 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. Related Links: SBA 7A Lenders in Broken Bow, Nebraska
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