Scottsbluff, Nebraska Bank Lends Money to Drinking Places Company in Gering, Nebraska

Get SBA loans from a Scottsbluff, Nebraska bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too.

Valley Bank And Trust Company is a Scottsbluff, Nebraska small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Nebraska company.

SBA Loan Borrower

COMPANY TYPE: DRINKING PLACES
GERING, NE 69341

SBA Loan Lender

VALLEY BANK AND TRUST COMPANY
1701 FIRST AVE
SCOTTSBLUFF, NE 69361

This loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722410 - Drinking Places

Loan Approval Date

7/20/2007

Loan Approval Gross Amount

$288,500

Loan Approval from the SBA

Of the total $288,500 loan amount, the SBA guaranteed $216,375.

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 6 employees. This SBA loan request indicated that the funding would help create 6 new jobs.

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

The Small Business Administration (SBA) provides government-guaranteed loans designed to help small businesses that may not otherwise qualify for credit get the funds they need.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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:

Startup Funding Tip

Small Business Banks in Scottsbluff, Nebraska

Getting an SBA Loan in Nebraska