Financing for Soil Preparation, Planting, and Cultivating

Looking for loans for soil preparation, planting, and cultivating? The SBA may be the answer. This $490,800 soil preparation, planting, and cultivating loan was issued by a Nebraska bank.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Cozad, Nebraska was able to borrow $490,800 from First National Bank. The SBA made the loan possible by guaranteeing $368,100 of this Nebraska small business loan.

SBA Loan Borrower

COMPANY TYPE: CROP PLANTING, CULTIVATING, AND PROTECTING
COZAD, NE 69130

SBA Loan Lender

FIRST NATIONAL BANK
201 N DEWEY ST
NORTH PLATTE, NE 69101

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

0721 - Crop Planting, Cultivating, and Protecting

NAICS Code

115112 - Soil Preparation, Planting, and Cultivating

Loan Approval Date

6/9/2006

Loan Approval Gross Amount

$490,800

Loan Approval from the SBA

Of the total $490,800 loan amount, the SBA guaranteed $368,100.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 5 employees. The SBA loan application for the borrower did not indicate that the SBA funding recipient promised to use the money to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

SBA loans can help growing businesses purchase or renovate real estate, acquire fixed assets such as heavy machinery or specialized equipment, borrow working capital for ongoing financing needs, or fund the acquisition of new 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 First National Bank 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.

Related Links:

Getting a Small Business Loan

SBA 7A Banks in North Platte, Nebraska

Getting an SBA Loan in Nebraska