Getting an SBA Loan for Drinking Places

Looking for SBA loans for drinking places? An SBA loan may be just what you've been looking for. This $82,400 drinking places loan was issued by a Nebraska bank.

This small business received financial assistance through the SBA's lending programs back in 2007. They applied for an SBA loan with Tierone Bank, out of Lincoln, Nebraska. The loan was granted and they received $82,400 to help grow their Humboldt, Nebraska business.

SBA Loan Borrower

COMPANY TYPE: DRINKING PLACES
HUMBOLDT, NE 68376

SBA Loan Lender

TIERONE BANK
1235 'N' ST
LINCOLN, NE 68508

This SBA loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan.

SBA Loan Program Type

This loan was issued as a general business loan.

NAICS Code

722410 - Drinking Places

Loan Approval Date

4/12/2007

Loan Approval Gross Amount

$82,400

Loan Approval from the SBA

Of the total $82,400 loan amount, the SBA guaranteed $70,040.

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 2 employees. The SBA loan application for the borrower indicated that the loan would help create 2 new jobs.

Getting an SBA Loan For Your Business

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

There are SBA loan fees that may apply. SBA lenders must pay the SBA a guaranty fee of 1% to 3.5% of guaranteed amount. The SBA will also make the lender pay annual fees amounting to 0.25% of the loan's outstanding balance. The lender is allowed by law to pass these fees to the borrower.

Still, as most small businesses know, these fees are minimal compared to the potential of what capital can do for a business. So, what are you waiting for? Get in touch with an SBA lending bank today!

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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