Chadron, Nebraska Business Gets SBA-Guaranteed Funding from Security First Bank
An SBA loan from Security First Bank typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Chadron, Nebraska business owner got a $80,900 loan.
The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Chadron, Nebraska was able to borrow $80,900 from Security First Bank. The SBA made the loan possible by guaranteeing $40,450 of this Nebraska small business loan.
SBA Loan Borrower
COMPANY TYPE: MOTORCYCLE, ATV, AND PERSONAL WATERCRAFT DEALERS
CHADRON, NE 69337
SBA Loan Lender
SECURITY FIRST BANK
5710 S 53RD ST
LINCOLN, NE 68516
This business loan was issued by a lender that participates in the SBA Express Loans program. SBA Express loans can be issued in as little as 36 hours.
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
441221 - Motorcycle, ATV, and Personal Watercraft Dealers
Loan Approval Date
10/12/2007
Loan Approval Gross Amount
$80,900
Loan Approval from the SBA
Of the total $80,900 loan amount, the SBA guaranteed $40,450.
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 loan application indicated that the borrowed money would help generate 3 new jobs.
Start the Process for Getting an SBA Loan Today!
Remember, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.
The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Security First Bank had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Security First Bank made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.
The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.
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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