Nebraska Entrepreneur Secures Financing to Buy Floor-To-Ceiling Store Franchise

Borrowing money to purchase a Floor-To-Ceiling Store franchise? Platte Valley St. Bank & Trust has a history of making these loans and they are guaranteed by the SBA.

An entrepreneur in Grand Island, Nebraska needed money to invest in a Floor-To-Ceiling Store franchise back in 2003. Platte Valley St. Bank & Trust issued an SBA franchise loan. Here are the details on this Nebraska small business loan.

SBA Loan Borrower

FLOOR TO CEILING STORE
GRAND ISLAND, NE 68801

SBA Loan Lender

PLATTE VALLEY ST. BANK & TRUST
810 ALLEN DR
GRAND ISLAND, NE 68803

This lender issued this SBA bank 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

5713 - Floor Covering Stores

NAICS Code

442210 - Floor Covering Stores

Loan Approval Date

7/29/2003

Loan Approval Gross Amount

$699,900

Loan Approval from the SBA

Of the total $699,900 loan amount, the SBA guaranteed $524,925.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was used to buy a Floor-To-Ceiling Store franchise. At the time of the loan, the company had 7 employees. The loan application did not indicate that the small business promised to use the funding to hire new employees or retain any existing employees.

Getting an SBA Loan For Your Business

If you are working on finding money to start a business in Grand Island NE, you ought to talk with a local Grand Island SBA lender or talk with an out-of-area SBA lender that has previously loaned money to Grand Island businesses.

Folks who know a lot about raising money for companies know that SBA guaranteed loans are a great funding source for small businesses. Talk to a bank like Platte Valley St. Bank & Trust and they will explain how you can get an SBA loan for your company.

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:

Floor-To-Ceiling Store

Determining Proper Capital Structure for a Business

SBA Banks in Grand Island, Nebraska

Nebraska SBA 7A Lenders