Lincoln, Nebraska Lender Lends Money to Building Finishing Contractors Company
A Lincoln, Nebraska business loan can be yours. Learn how a company got a $27,500 business loan from this Nebraska bank.
This loan to an entrepreneur is a good example of an SBA loan. Security First Bank made the loan and the SBA guaranteed a portion of the loan. Many other Nebraska entrepreneurs have gotten similar loans. If you need money for a business, this may be the best route to take.
SBA Loan Borrower
COMPANY TYPE: BUILDING FINISHING CONTRACTORS
COZAD, NE 69130
SBA Loan Lender
SECURITY FIRST BANK
5710 S 53RD ST
LINCOLN, NE 68516
This was a LowDoc (Low Documentation Loan Program). LowDoc is one of the SBA's most popular programs because there is a simple, one-page SBA application form and rapid turnaround on loan approvals.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
238390 - Building Finishing Contractors
Loan Approval Date
6/7/2005
Loan Approval Gross Amount
$27,500
Loan Approval from the SBA
Of the total $27,500 loan amount, the SBA guaranteed $23,375.
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 SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the money to hire new employees or retain any existing employees.
Start the Process for Getting an SBA Loan Today!
SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.
Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $27,500 loan. Remember, things become real when you believe you can achieve them!
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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