Company Gets a Nebraska Business Loan
NebraskaSBA loans are available to Nebraska entrepreneurs through the SBA. In this case, a Nebraska bank provides the loan.
You can learn something about getting a small business loan in Grand Island, Nebraska by studying this loan to a local business, made back in 2005. Banks like Five Points Bank may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
COMPANY TYPE: BEAUTY SALONS
GRAND ISLAND, NE 68801
SBA Loan Lender
FIVE POINTS BANK
2015 N BROADWELL AVE
GRAND ISLAND, NE 68803
This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal.
SBA Loan Program Type
This loan was issued as a general business loan.
NAICS Code
812112 - Beauty Salons
Loan Approval Date
1/31/2005
Loan Approval Gross Amount
$32,000
Loan Approval from the SBA
Of the total $32,000 loan amount, the SBA guaranteed $27,200.
More Information on This SBA Loan
The borrower borrowed this money for a new business. According to the loan information, this was not a franchise loan. At the time of the loan, the company
had 4 employees. The loan application did not indicate that the company promised to use the loan proceeds to increase staffing levels or retain any existing employees.
Getting an SBA Loan For Your Business
Every year, the SBA guarantees over $10 billion for loans just like this one.
This SBA loan was for $32,000. How would you spend $32,000 on your business? If you apply for an SBA loan, you, like the entrepreneurs at this company, may soon be on your way to achieving your business goals. Contact a participating SBA lender to get started.
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:
Family and Friend Investors - Your First Financiers
Where to Get an SBA Loan in Grand Island, Nebraska
Nebraska SBA 7A Lenders