Loan to Buy Nyb Foods Franchise Issued By Bank Of Nebraska

Need a loan to buy a Nyb Foods franchise? Bank Of Nebraska has a history of making these loans and they are guaranteed by the SBA.

Want to borrow money to buy a Nyb Foods franchise? If so, here's a 2000 SBA franchise loan that you should know about. Bank Of Nebraska was the lender and the entrepreneur was based in Council Bluff, Iowa.

SBA Loan Borrower

HJM ENTERPRISES, LLC
COUNCIL BLUFF, IA 51501

SBA Loan Lender

BANK OF NEBRASKA
2710 S 140TH ST
OMAHA, NE 68144

The issuing bank for this loan is an SBA 7A lender. Under this program, banks that work with the SBA are able to provide business loans to to our country's hard-working small business owners.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5812 - Eating Places

Loan Approval Date

2/10/2000

Loan Approval Gross Amount

$63,970

Loan Approval from the SBA

Of the total $63,970 loan amount, the SBA guaranteed $51,176.

More Information on This SBA Loan

The borrower borrowed this money for a new business. This loan was used to buy a Nyb Foods franchise. At the time of the loan, the company had 8 employees. This SBA loan request did not indicate that the business planned to use the money to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

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 Nebraska 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.

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