SBA Loans for Farm Supplies Merchant Wholesalers

Looking for SBA loans for farm supplies merchant wholesalers? Try the SBA. This $106,300 farm supplies merchant wholesalers loan was issued by a Nebraska bank.

This small business received financial assistance through the SBA's lending programs back in 2004. They applied for an SBA loan with Bruning State Bank, out of Bruning, Nebraska. The loan was granted and they received $106,300 to help grow their Davenport, Nebraska business.

SBA Loan Borrower

COMPANY TYPE: FARM SUPPLIES MERCHANT WHOLESALERS
DAVENPORT, NE 68335

SBA Loan Lender

BRUNING STATE BANK
104 E MAIN ST
BRUNING, NE 68322

This was a Low Documentation SBA loan. The SBA created this program to limit the paperwork associated with getting a loan . The low-doc program is quick, requiring completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Today, you can borrow up to $100,000 through the low-doc SBA program.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

424910 - Farm Supplies Merchant Wholesalers

Loan Approval Date

8/2/2004

Loan Approval Gross Amount

$106,300

Loan Approval from the SBA

Of the total $106,300 loan amount, the SBA guaranteed $90,355.

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 only one employee. The SBA loan application for the borrower did not indicate that the SBA funding recipient planned to use the loan proceeds to increase staffing levels or retain any existing employees.

Start the Process for Getting an SBA Loan Today!

SBA 7(a) Loans can be used for nearly any business purpose, such as commercial real estate, construction or renovation for owner-users, business acquisition and start-up, franchise refinancing, refinancing for existing debt, equipment purchases, working capital, and inventory.

While you may be able to find business people willing to loan money, the SBA is a tried and true source for small business loan guarantees. This loan shows that any business with ambition and the right qualifications can get an SBA loan.

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:

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SBA 7A Banks for Bruning, Nebraska Loans

Where to Get an SBA Loan Nebraska