Company Gets a Nebraska Small Business Loan
SBA loans in Nebraska are are few and far betweeen these days. We take a look at one Nebraska SBA loan, provided by a Nebraska bank, that was approved by the SBA.
You can learn something about getting a small business loan in Hershey, Nebraska by studying this loan to a local business, made back in 2006. Banks like Union Bank And Trust Company may also be willing to lend to you, given that they granted this small business loan.
SBA Loan Borrower
COMPANY TYPE: FARM SUPPLIES MERCHANT WHOLESALERS
HERSHEY, NE 69143
SBA Loan Lender
UNION BANK AND TRUST COMPANY
3643 S 48TH ST
LINCOLN, NE 68506
This lender processed this commercial loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.
SBA Loan Program Type
This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.
NAICS Code
424910 - Farm Supplies Merchant Wholesalers
Loan Approval Date
1/20/2006
Loan Approval Gross Amount
$305,000
Loan Approval from the SBA
Of the total $305,000 loan amount, the SBA guaranteed $152,500.
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 3 employees. This SBA loan request indicated that the loan would help generate 1 new job and retain 1 existing job.
Next Steps for Getting an SBA Loan
Don't forget. To get an SBA loan, you must apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan.
This SBA loan was for $305,000. How would you spend $305,000 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.
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