Dodge, Nebraska Lender Lends Money to Electrical Contractors Company

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

Applying for an SBA loan with Farmers State Bank worked out well for our friends at one local business in Dodge, Nebraska. They got an SBA loan for $50,000. Sweet!

SBA Loan Borrower

COMPANY TYPE: ELECTRICAL CONTRACTORS
DODGE, NE 68633

SBA Loan Lender

FARMERS STATE BANK
355 SECOND ST
DODGE, NE 68633

This was a Low Documentation SBA loan. The SBA started this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

235310 - Electrical Contractors

Loan Approval Date

3/28/2003

Loan Approval Gross Amount

$50,000

Loan Approval from the SBA

Of the total $50,000 loan amount, the SBA guaranteed $42,500.

More Information on This SBA Loan

The borrower borrowed this money for an existing 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 2 employees. The loan application did not indicate that the small business planned to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

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

This SBA loan was for $50,000. How would you spend $50,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.

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:

Financing Your Business

Best Dodge, Nebraska Banks for Small Business

Nebraska SBA Bank Lenders