Fremont, NE Entrepreneur Gets SBA Loan to Buy True Value Hardware Franchise

Borrowing money to purchase a True Value Hardware franchise? First St. Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

True Value Hardware franchise loans are available to Fremont, Nebraska entrepreneurs, and entrepreneurs in other locations throughout the country. In fact, First St. Bank & Trust, based in Fremont, Nebraska, issued an SBA franchise loan for a True Value Hardware franchise in 2002. We've got all the details on this Nebraska small business loan.

SBA Loan Borrower

TRUE VALUE OF FREMONT
FREMONT, NE 68025

SBA Loan Lender

FIRST ST. BANK & TRUST
1005 E 23RD ST
FREMONT, NE 68025

This lender issued this loan under the SBA's 7A loan, in which the SBA provides guaranteed loans to small business owners. This lending program dates back to 1953. In the early days of the SBA, these loans were issued directly by the SBA. Today, SBA loans are issued primarily through approved banks and lenders.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5251 - Hardware Stores

NAICS Code

444130 - Hardware Stores

Loan Approval Date

4/2/2002

Loan Approval Gross Amount

$180,000

Loan Approval from the SBA

Of the total $180,000 loan amount, the SBA guaranteed $135,000.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a True Value Hardware franchise. At the time of the loan, the company had 7 employees. The loan application did not indicate that the SBA funding recipient promised to use the loan proceeds to increase staffing levels or retain any existing employees.

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

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.

We've showcased information on this loan to let you know that businesses like yours 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:

True Value Hardware

Borrowing Money from Friends and Family

Good Banks for Small Business in Fremont, Nebraska

SBA Participating Banks in Nebraska