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November 21, 2024 |
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| Home > Small Business Lenders by State > Nebraska Business Loan Sources > Geneva, Business Loans > Geneva State Bank Geneva Business Loans > Clothing Stores Loan | ||||
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Nebraska SBA Loan from Geneva State Bank
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Business Loan from Geneva State Bank Given to Clothing Stores CompanyGeneva State Bank and the SBA work together to get business loans for growing small businesses. Here's an example of how a Nebraska entrepreneur was able to get a loan to take a small business to the next level. This small firm knew how to go about getting a business bank loan. Based in Kearney, Nebraska, they applied for and received an SBA-guaranteed loan in 2001. The lending bank was Geneva State Bank, based in Geneva, Nebraska. SBA Loan Borrower COMPANY TYPE: CLOTHING STORES SBA Loan Lender GENEVA STATE BANK 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 448190 - Clothing Stores Loan Approval Date 5/11/2001 Loan Approval Gross Amount $25,000 Loan Approval from the SBA Of the total $25,000 loan amount, the SBA guaranteed $21,250. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was not for a franchise. At the time of the loan, the company had 2 employees. The SBA loan application for the borrower did not indicate that the company planned to use the money to hire new employees 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. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. 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: Find an SBA Lender in Geneva, Nebraska Where to Get an SBA Loan Nebraska
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