First Central Bank Mccook SBA Loan to Manufacturing And Industrial Building Construction Company

An SBA loan from First Central Bank Mccook typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Elizabeth, Colorado business owner got a $110,200 loan.

Getting a small business loan in Elizabeth, Colorado was an essential business goal for this small business back in 2001 and, based on their loan application, they were successful in getting an SBA loan from First Central Bank Mccook, operating out of Mccook, Nebraska. Here are the details on this Colorado small business loan.

SBA Loan Borrower

COMPANY TYPE: MANUFACTURING AND INDUSTRIAL BUILDING CONSTRUCTION
ELIZABETH, CO 80107

SBA Loan Lender

FIRST CENTRAL BANK MCCOOK
904 N HWY 83
MCCOOK, NE 69001

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

233310 - Manufacturing and Industrial Building Construction

Loan Approval Date

10/5/2001

Loan Approval Gross Amount

$110,200

Loan Approval from the SBA

Of the total $110,200 loan amount, the SBA guaranteed $93,670.

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 5 employees. The SBA loan application for the borrower did not indicate that the small business promised to use the loan proceeds to hire new employees or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

Unless you are not in a hurry to get an SBA loan, it's best to work with a bank like First Central Bank Mccook that has already issued SBA-guaranteed loans. To get an SBA loan fast, work with a bank that participates in the SBA's Preferred Lenders Program (PLP).

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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