Nebraska Business Loan Issued to Crop Farms Company

NebraskaSBA loans are available to Nebraska entrepreneurs through the SBA. In this case, a Nebraska bank provides the loan.

Getting a small business loan in Enders, Nebraska was a top priority for this particular business back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Mccook National Bank. Here are the details on this Nebraska small business loan.

SBA Loan Borrower

COMPANY TYPE: CROP FARMS
ENDERS, NE 69027

SBA Loan Lender

MCCOOK NATIONAL BANK
220 NORRIS AVE
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.

SIC Code

0191 - Crop Farms

NAICS Code

111998 - Crop Farming

Loan Approval Date

3/29/2000

Loan Approval Gross Amount

$88,000

Loan Approval from the SBA

Of the total $88,000 loan amount, the SBA guaranteed $70,400.

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 2 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to add employees or retain any existing employees.

Next Steps for Getting an SBA Loan

The Small Business Administration (SBA) is a federal government agency that has many different programs to help small business owners. The SBA Microloan Program, for example, provides very small loans to start-up, newly established, or growing small business concerns. The SBA also has special programs for women and minorities. However, the most popular SBA program is their loan guarantee program for small businesses.

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:

Obtaining Funding From a Venture Capitalist

SBA Banks in Mccook, Nebraska

Nebraska SBA 7A Lenders