Entrepreneur Works With Grand Island, Nebraska Bank to Get an SBA Loan

Want to talk with a Grand Island, Nebraska bank about an SBA loan? Here's one Iowa business loan, issued by a Grand Island bank, that was approved by the SBA.

Applying for an SBA loan with Equitable Bank worked out well for our friends at one local business in Council Bluffs, Iowa. They got an SBA loan for $270,000. Nice!

SBA Loan Borrower

COMPANY TYPE: DRINKING PLACES
COUNCIL BLUFFS, IA 51503

SBA Loan Lender

EQUITABLE BANK
113 N LOCUST ST
GRAND ISLAND, NE 68801

The lender provided this SBA loan through the U.S. Small Business Administration (SBA) loan program called the SBA Express Loan program. SBA Express loans are typically used for working capital, inventory purchases and equipment financing.

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

722410 - Drinking Places

Loan Approval Date

6/21/2006

Loan Approval Gross Amount

$270,000

Loan Approval from the SBA

Of the total $270,000 loan amount, the SBA guaranteed $135,000.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 7 employees. The loan application indicated that the loan would help generate 2 new jobs and retain 5 existing jobs.

Start the Process for Getting an SBA Loan Today!

SBA loans provide money to small business owners for working capital for other expenses.

We can help you find the best banks for small businesses in Council Bluffs 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.

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