Growing Company Gets a Nebraska Small Business Loan

Searching for a Nebraska bank loan? This Nebraska entrepreneur got a bank loan, provided by a Nebraska bank that works with the SBA to help small business owners.

Getting a small business loan in Chappell, Nebraska was a top priority for this loan applicant back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Adams Bank & Trust. Here are the details on this Nebraska small business loan.

SBA Loan Borrower

COMPANY TYPE: SNACK AND NONALCOHOLIC BEVERAGE BARS
CHAPPELL, NE 69129

SBA Loan Lender

ADAMS BANK & TRUST
641 SECOND ST
CHAPPELL, NE 69129

This was a Low Documentation SBA loan. The SBA started this program to limit the paperwork associated with getting a 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. Currently, $100,000 is the maximum loan amount.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722213 - Snack and Nonalcoholic Beverage Bars

Loan Approval Date

12/11/2003

Loan Approval Gross Amount

$38,500

Loan Approval from the SBA

Of the total $38,500 loan amount, the SBA guaranteed $32,725.

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 2 employees. The loan application did not indicate that the business planned to use the loan proceeds to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are wondering how to raise money for a business in Chappell NE, you ought to talk with a local Chappell SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Chappell businesses.

This SBA loan was for $38,500. How would you spend $38,500 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Financing Your Business

SBA Participating Banks in Chappell, Nebraska

SBA Lenders in Nebraska