Hastings, Nebraska Business Gets SBA-Guaranteed Funding from Five Points Bank Of Hastings

An SBA loan from Five Points Bank Of Hastings typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, a Hastings, Nebraska business owner got a $108,000 loan.

Getting a small business loan in Hastings, Nebraska was an essential business goal for this small business back in 2006 and, based on their loan application, they were successful in getting an SBA loan from Five Points Bank Of Hastings, operating out of Hastings, Nebraska. Here are the details on this Nebraska small business loan.

SBA Loan Borrower

COMPANY TYPE: DRINKING PLACES
HASTINGS, NE 68901

SBA Loan Lender

FIVE POINTS BANK OF HASTINGS
2815 OSBORNE DR WEST
HASTINGS, NE 68902

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA bank loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

5813 - Drinking Places

NAICS Code

722410 - Drinking Places

Loan Approval Date

11/27/2006

Loan Approval Gross Amount

$108,000

Loan Approval from the SBA

Of the total $108,000 loan amount, the SBA guaranteed $91,800.

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 15 employees. This SBA loan request did not indicate that the company promised to use the funding to hire new employees or retain any existing employees.

Next Steps for Getting an SBA Loan

For small businesses in need of money, an SBA guaranteed loan is often the best way to obtain financing.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Five Points Bank Of Hastings are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

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.

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