Mobile Food Services Commercial Loans

With these commercial loans for mobile food services, the SBA guarantees the lender that the loan will be repaid. This mobile food services loan for $58,000 was given to a Nebraska entrepreneur in 2004.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Crete, Nebraska was able to borrow $58,000 from City Bank & Trust Co.. The SBA made the loan possible by guaranteeing $49,300 of this Nebraska small business loan.

SBA Loan Borrower

COMPANY TYPE: MOBILE FOOD SERVICES
CRETE, NE 68333

SBA Loan Lender

CITY BANK & TRUST CO.
2929 PINE LAKE RD
LINCOLN, NE 68516

This lender issued this particular SBA bank loan under the SBA Low Documentation program, which simplifies the SBA loan application process and emphasizes the borrower's character, credit history and projected cash flow.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722330 - Mobile Food Services

Loan Approval Date

1/5/2004

Loan Approval Gross Amount

$58,000

Loan Approval from the SBA

Of the total $58,000 loan amount, the SBA guaranteed $49,300.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. According to the loan information, this was not a franchise loan. At the time of the loan, the company had 2 employees. The loan application did not indicate that the small business promised to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

We can help you find the best banks for small businesses in Crete 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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