Nebraska SBA Loan Issued to Furniture Stores Company

Want a Nebraska small business loan? This Nebraska entrepreneur got a small business loan, provided by a Nebraska bank that works with the SBA to help small business owners.

Getting a small business loan in Gering, Nebraska was a top priority for this small company back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Valley Bank And Trust Company. Here are the details on this Nebraska small business loan.

SBA Loan Borrower

COMPANY TYPE: FURNITURE STORES
GERING, NE 69341

SBA Loan Lender

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

This was a Low Documentation SBA loan. The SBA launched this program to minimize the paperwork associated with getting a loan . The low-doc program is quick, requiring 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.

SIC Code

5712 - Furniture Stores

Loan Approval Date

6/21/2000

Loan Approval Gross Amount

$86,400

Loan Approval from the SBA

Of the total $86,400 loan amount, the SBA guaranteed $69,120.

More Information on This SBA Loan

The borrower borrowed this money for a new 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 6 employees. This SBA loan request did not indicate that the business 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.

This firm was able to get an SBA loan -- a strong sign of business strength. Do you think you have what it takes to get an SBA loan too? The SBA can be a great solution for raising money quickly to start or grow a business. Your next step is to speak with a banker at an SBA approved bank.

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:

Attracting Investors

Where to Get an SBA Loan in Scottsbluff, Nebraska

Nebraska SBA 7A Lenders